Hot Topic In Australian Media Is The Trade Deal With "Unstoppable" India.

Recently, the Australian Parliament ratified the Free Trade Agreement with India, which is considered a game-changing move by many. This agreement is receiving appreciation from industry leaders as they now see it as an opportunity to boost their trade in multiple sectors in India and Australia. This is going to give trading a new horizon between both countries. New policies and many other things will help industries to streamline their businesses.

Australia is also considered an important strategic partner of India. Both countries share the same stages in the four-nation QUAD, the Trilateral Supply chain initiative, and the Indo-Pacific Economic Forum. This information was shared in the Ministry of Commerce and Industry statement.

This agreement was also compared with the Australia and China trade agreement, which was almost a one-sided deal where Australia was a little suppressed. The deal with China was around 251 Billion Dollars, and the deal with India before this agreement was just 27 Billion Dollars. If we compare both deals, we can see the difference, and now the gap between India and Australia will become shorter with the new trade agreement.