FTAs aren't all the govt is doing to build robust export base
SummaryThe government is quietly making laws and systems to build a robust industrial and export base.
India’s free trade agreement (FTA) with Australia would be unique. It would be our first FTA where the partner country has agreed to eliminate import duties on all products exported from India. In contrast, India will cut duties on about 70% of product lines. This speaks of the tenacity of Indian negotiators led by the commerce minister. Australian Parliament ratified the FTA on 22 November. It will soon become operational.