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The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer?.

Solutions for The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The India ­Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean littoral states and reflects the growing strategic alignment between New Delhi and Canberra. While India’s strongest ties with Australia had hitherto largely centred around their common colonial legacy of cricket, best exemplified in the Border­Gavaskar Trophy, a more contemporary shared vision has emerged around the mutual need to strengthen their strategic and trade engagement. This was manifested in the June 2020 virtual summit when Prime Ministers Narendra Modi and Scott Morrison decided to elevate the relationship to the level of a Comprehensive Strategic Partnership. Defence and strategic ties have gained significant traction and the latest ECTA has been hammered out in just six months since negotiations restarted in end­September. Envisaged as an ‘early­ harvest’ agreement, the ECTA covers the gamut of economic and commercial relations including trade in goods and services, rules of origin, technical barriers to trade, dispute settlement and customs procedures. Targeting a goal of doubling bilateral trade to about $50 billion in five years, from the $27.5 billion logged in 2021, the partners have set about dismantling or lowering tariff barriers. While Australia has agreed to eliminate tariffs on more than [X] of Indian exports, including several labour­ intensive industries, India will allow the duty ­free entry of 85% of Australian goods exports by value from day one and within the next 10 years cut tariffs to zero on another 5% of Australian merchandise.Q. India has FTA with which other OECD country?a)South Koreab)North Koreac)Irelandd)NorwayCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.