High Commissioner of Australia Barry O’Farrell said he will talk with Indian counterparts to upgrade the Economic Cooperation and Trade Agreement (ECTA) to the level of a “full Comprehensive Economic Partnership Agreement (CEPA)”. Australian Prime Minister Anthony Albanese will be visiting India this week and said his PM’s visit would provide a big boost to bilateral ties as both governments. “We are in talks to upgrade the interim trade agreement to the level of a Comprehensive Economic Partnership Agreement (CEPA). The ECTA, an interim trade pact, was signed in 2022. It was understood back then that the two sides would use the interim deal as a stepping stone for a “full scale” Free Trade Pact.

Source: The Hindu March 11, 2023 21:16 UTC