Australia is the 17th largest trading partner of India and India is Australia’s 9th largest trading partner.
India-Australia bilateral trade (both merchandise and services) stood at US$ 27.5 billion in 2021.
Trade Negotiation Issues
Negotiations for the free trade agreement between India and Australia had started in May 2011.
The talks gained momentum in 2013, but continued to run into roadblocks e.g., India wanted tariff-free access for Indian agricultural goods in Australia, and a liberal visa regime for Indian professionals.
Australia, meanwhile, wanted duty free market access for its processed foods, wines, dairy products and critical ....
