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Early harvest trade deal with Australia by Christmas, full FTA by 2022

First list of offers to be exchanged by October and continuous negotiations by dedicated teams to ensure Christmas deadline, Australian Trade Minister Dan Tehan said.

September 30, 2021 / 07:12 PM IST
Representational Image. The iconic Sydney Opera House with Sydney Harbour Bridge in the background.

Representational Image. The iconic Sydney Opera House with Sydney Harbour Bridge in the background.

India and Australia will sign a comprehensive Free Trade agreement by the end of 2022 and an early harvest trade deal by Christmas later this year.

As talks on the proposed Comprehensive Economic Cooperation Agreement (CECA) gain pace, both government's have decided to exchange the first list of offers by October.

This was announced at a joint media briefing with Commerce and Industry Minister Piyush Goyal and Australian Minister for Trade, Tourism and Investment Dan Tehan, who is currently visiting for talks on the deal.

"It will cover goods, services, investments, govt procurement, logistics, standards, rules of origin. We have decided to exchange offers by the end of October," Tehan said. There will be dedicated negotiating teams continuously interacting to quickly sign the deal, he added.