After 2 years of India-Australia trade deal, export utilisation reaches 79%
Trade utilisation of a free trade agreement (FTA) indicates the extent to which trade benefits from the agreement. It also provides insights into whether businesses are effectively leveraging the FTA
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The Ministry of Commerce and Industry on Sunday said that export utilisation under the India-Australia Economic Cooperation and Trade Agreement (ECTA) has reached 79 per cent after two years of implementation, while import utilisation stood at 84 per cent.
Trade utilisation of a free trade agreement (FTA) indicates the extent to which trade benefits from the agreement. It also provides insights into whether businesses are effectively leveraging the FTA or finding its concession procedures burdensome.
2024-12-31
By
Ravindra Kumar Tiwari
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