Q. Consider the following statements regarding the India-Australia Economic Cooperation and Trade Agreement (ECTA):
1.It is India’s first trade agreement with a developed country in the Southern Hemisphere.
2.It facilitates the movement of professionals and students between the two countries.
Which of the statement(s) given above is/are correct?
Answer: C
Notes:
Explanation –
Statements 1 and 2 are correct. The ECTA represents India’s first trade agreement with a developed country in the Southern Hemisphere, specifically Australia. The ECTA includes provisions that facilitate the movement of professionals and students between India and Australia. For instance, Indian graduates in STEM fields will have extended post-study work visas in Australia.
Source: AIR
