Australian parliament passes Free Trade Agreement with India
ECONOMY & POLICY

Australian parliament passes Free Trade Agreement with India

Australia has approved the Free Trade Agreement with India, nearly two months after negotiators from both sides met for talks toward a full-fledged FTA. The bills easily passed the House of Representatives on Monday and the Senate made them law.

"Our Free Trade Agreement with India has passed through parliament," Australian Prime Minister Anthony Albanese tweeted. This comes just a few days after Albanese announced plans to visit India in March of next year. He made the announcement on the sidelines of the 17th G20 summit.

The Australia-India Economic Cooperation and Trade Agreement (ECTA) was signed on April 2.

The agreement, according to the Australian government, will secure Australia's position in the world's fastest growing economy and allow Australian businesses to unlock or expand their operations in a market of nearly 1.5 billion consumers.

Commerce and Industry Minister Piyush Goyal previously stated that the agreement would help increase bilateral trade from $27.5 billion to $45-50 billion over the next five years.

Also Read
Mumbai Urja Marg project brought under Pragati portal
Odisha readies Rs 84-bn railway proposals for Union Budget

Australia has approved the Free Trade Agreement with India, nearly two months after negotiators from both sides met for talks toward a full-fledged FTA. The bills easily passed the House of Representatives on Monday and the Senate made them law. Our Free Trade Agreement with India has passed through parliament, Australian Prime Minister Anthony Albanese tweeted. This comes just a few days after Albanese announced plans to visit India in March of next year. He made the announcement on the sidelines of the 17th G20 summit. The Australia-India Economic Cooperation and Trade Agreement (ECTA) was signed on April 2. The agreement, according to the Australian government, will secure Australia's position in the world's fastest growing economy and allow Australian businesses to unlock or expand their operations in a market of nearly 1.5 billion consumers. Commerce and Industry Minister Piyush Goyal previously stated that the agreement would help increase bilateral trade from $27.5 billion to $45-50 billion over the next five years. Also Read Mumbai Urja Marg project brought under Pragati portal Odisha readies Rs 84-bn railway proposals for Union Budget

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?