India And Australia In Talks to Revive Negotiations For A Free Trade Agreement

In a sign of further deepening of the strong bilateral ties, India and Australia could soon resume the parleys regarding a free trade agreement as per the details shared by Australian High Commissioner to India Barry O'Farrell, reports Economic Times.

Speaking to Economic Times, O'Farrell said that the official-level discussions are presently on between the two countries to resume talks on the Comprehensive Economic Cooperation Agreement (CECA).

In the financial year 2021, India’s exports to Australia were worth $4.04 billion, while imports were $8.24 billion. India mainly exported refined petroleum, medicaments, railway vehicles, including hovertrains, pearls and gems, jewellery, and made-up textile articles. Major imports were coal, copper ores and concentrate, gold, vegetables, wool and other animal hair, fruits and nuts, lentils, and education-related services.