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Australia ratifies free trade deals with India and UK

22 November 2022
27696
2022-11-22 16:42

Australia's Parliament passed bilateral free trade agreements with India and Britain on Tuesday. The bills easily passed the House of Representatives on Monday and the Senate made them law on Tuesday.

The deals need to be ratified by the respective British and Indian parliaments before they take effect.Under the Australia-Britain deal, more than 99% of Australian goods exports will be duty free, including sheep meat, beef, dairy, sugar and wine.Taxes on 90% of Australian goods exported to India including meat, wool, cotton, seafood, nuts and avocados will also be removed.

Prime Minister Anthony Albanese discussed the deals with Indian Prime Minister Narendra Modi and British Prime Minister Rishi Sunak last week on the sidelines of the Group of 20 summit in Indonesia.

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