Australia-India Trade Deal to Take Effect This Month
A trade deal between Australia and India will officially take effect Dec. 29 after India’s government this week “completed its domestic requirements” to enact the agreement, Australia said. Beginning later this month, the Australia-India Economic Cooperation and Trade Agreement will…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
remove tariffs on 85% of Australian exports to India, while high tariffs on another 5% of goods will be phased down over time. Australia also said its importers will “save around $500 million in tariffs on imports of finished goods, and inputs to our manufacturing sector.” USDA warned earlier this year that the trade deal could pose challenges for U.S. trade, including for prospects of American food and agricultural products in the Indian market (see 2205060032).