Why this agreement matters.
- ✓ India-Australia ECTA in force December 2022 — supersedes GSP preferences
- ✓ ECTA provides 0% on 85%+ of Indian goods immediately
- ✓ Australia GSP (SPARTECA-like scheme) now supplemented by ECTA
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India direct party — ECTA now primary framework
Aggregate trade volume among parties: USD 24B
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