India and Australia will soon implement the free trade agreement on a mutually agreed date as the Australian Parliament has approved the pact between the two countries. The agreement was signed by both sides in April this year. Australian Prime Minister Anthony Albanese made the announcement on Twitter.

Prime Minister Narendra Modi responded by saying that the entry into force of India Australia ECTA will be greatly welcomed by our business communities, and will further strengthen the India-Australia Comprehensive Strategic Partnership. Commerce Minister Piyush Goyal termed it a big recognition of India’s growing global stature.

He said Indian IT industry, students and many labour intensive sectors will soon reap the benefits of this landmark deal. The significance of the trade agreement, the opportunities it will open up for businesses and what it means for the India-Australia partnership