The Australia-India Economic and Trade Cooperation Agreement is the result of decade-long negotiations between the two countries.
Australian Trade Minister Dan Tehan and his Indian counterpart Piyush Goyal signed the agreement in a virtual ceremony on April 2 with the prime ministers of the two countries virtually present.
The immediate reduction of export and import duties on both sides, post-study work visa benefits for Indian students and a guarantee of better treatment for Australians in 31 sectors and sub-sectors of the Indian economy are the strong points of the agreement.
Ms Nandkeolyar, current chair of the AIBC Women In Business Chapter, said the deal would ease the grocery baskets of Indian-Australians in their pockets.
She says: “This deal will be a boon for start-ups, small and medium enterprises, students and even Australian households.”
Although she acknowledges that this is only the first version of the agreement, Ms Nandkeolyar believes that the welfare of international students, exchanges with the media and the promotion of the arts should benefit from a greater great care in tuning.
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