<\/p>\n
News<\/span><\/b>: Indian-Australian PM had a virtual summit. Further, a historic free trade agreement is going to be signed between both the countries.<\/span>\u00a0<\/span><\/p>\n The free trade negotiations were being carried out for a decade. The negotiation started since May 2011.\u00a0 The discussions were restarted in June 2020 when India-and Australia established a Comprehensive Strategic Partnership.<\/span>\u00a0<\/span><\/p>\n Both India (Part of South Asian Subcontinent) and Australia split from the same supercontinent in the geological history.\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n Today, India and Australia represent a partnership with similarities in interests and values. For example, <\/span><\/p>\n – Both are multicultural societies and federal democracies<\/span><\/p>\n – Both are apprehensive about Chinese hegemonic rise. <\/span><\/p>\n – Both are concerned about stability in the Indo-Pacific<\/span><\/p>\n The challenge of economic integration still remains.<\/span>\u00a0<\/span><\/p>\n There are predictions about the demise of the Quad. It is because the central theatre of conflict has moved to Europe. <\/span><\/p>\n India\u2019s perceived \u201cneutrality\u201d over the war in Ukraine has been taken seriously by west<\/span>.<\/span><\/p>\n The ECTA deal is apparently fully in compliance with WTO rules and Article 24 of GATT. This allows countries to grant special treatment to one another by establishing a free-trade association, provided that \u201c(1)<\/strong> duties and other trade restrictions would be eliminated on substantially all the trade among the participants, (2)<\/strong> the elimination of internal barriers occurred within a reasonable length of time\u2026.\u201d<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n It will give a boost to India\u2019s <\/span>labour-intensive manufacturing sector<\/span><\/b>, pharma, textile, gemstone and jewellery sectors.\u00a0<\/span>\u00a0<\/span><\/p>\n Indian students in Australia will find an easier pathway to employment<\/strong>. There will be greater ease of visa for a range of skilled human capital from India in demand in Australia, including chefs and yoga instructors.<\/span>\u00a0<\/span><\/p>\n In addition, Australian coal will get relatively unrestrained access<\/strong> to India.<\/span>\u00a0<\/span><\/p>\n The ECTA can act as a significant turning point for India\u2019s foreign policy in terms of geo-strategy as well as geo-economics.\u00a0<\/span>\u00a0<\/span><\/p>\n B<\/span>oth countries have stated to cooperate in areas like science and technology, climate change, defence, people-to-people ties, joint surveillance and real-time intelligence sharing among others.\u00a0<\/span>\u00a0<\/span><\/p>\n Source<\/span><\/b>: The post is based on an article \u201cIndia and Australia are finally acting like the natural partners they are<\/strong>\u201d published in The Hindu<\/strong> on 31<\/strong><\/span>st<\/strong> March 2022<\/strong>.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" News: Indian-Australian PM had a virtual summit. Further, a historic free trade agreement is going to be signed between both the countries.\u00a0 The free trade negotiations were being carried out for a decade. The negotiation started since May 2011.\u00a0 The discussions were restarted in June 2020 when India-and Australia established a Comprehensive Strategic Partnership.\u00a0 Important… Continue reading India and Australia are finally acting like the natural partners they are\u00a0<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10498],"class_list":["post-176994","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704702412},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/176994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=176994"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/176994\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=176994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=176994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=176994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Important aspects in Indo-Australia relation<\/span><\/b><\/h5>\n
What are the issues with Indo-Australia Relations?<\/span><\/b>\u00a0<\/span><\/h5>\n
Is ETCA compliant to WTO rules?<\/span><\/b>\u00a0<\/span><\/h5>\n
What is the significance of the agreement to India?<\/span><\/b>
\n<\/span><\/h5>\nWhat is the way forward?<\/span><\/b>
\n<\/span><\/h5>\n