During his second bilateral summit meeting with Australian PM Scott Morrison, PM Modi said FTA is crucial for the ‘economic security’ of both countries.
India and Australia, are expected to sign an interim free trade agreement this month, marking a major step towards consummating their economic relationship at a time when both nations are desperate to reduce their dependence on China.
India and Australia are likely to sign an interim free trade agreement (FTA) on 21 March, which may allow easier market access for Indian pharmaceutical products, besides duty concessions on gems and jewellery and textiles.
AFTINET has raised the alarm over the possibility that British corporations will gain the right to sue the Australian Government if the UK is granted membership in the CPTPP.
The gold mine was closed by the Thai government, but an obscure clause in a “free trade” agreement has allowed the lucrative mine in Central Thailand to reopen.
Environmental defenders in Thailand have slammed a decision by the Thai Government to reinstate formerly revoked mining licenses following a lengthy legal battle in an international arbitration tribunal.
Australian trade committee recommends that Australia support the applications of the UK and Taiwan, but places conditions on support for China’s accession.