The Hindu Business Line : Feasibility study for India-Australia FTA to be ready by Dec

New Delhi, July 12 The feasibility study for the India-Australia Free Trade Agreement (FTA) is likely to be ready by December this year, according to Mr P.K. Dash, Joint Secretary, Commerce Ministry and head of the Joint Study Group from the Indian side. “We expect the study report to be in by end of this year. If the recommendation is for commencing an FTA, both governments would quickly take a call on what to do next.

“We look forward to win-win relationship with Australia,” Mr Dash said at the launch function of a publication ‘Australia-India: A Deepening Economic Partnership’, here on Friday.

Launching the book, the Australian High Commissioner to India, Mr John McCarthy, said there was a “real energy” in the economic relationship now, which three-to-four years ago was only beginning to happen.

“It (economic relationship) is now taking off”, he said, adding that the book symbolises it.

The book has been prepared by the Indian and Australian Governments to showcase the strategic relationship between the countries. India has grown faster than any of Australia’s top 30 export markets over the past five years, at about 33 per cent every year.

Mr Dash said India was looking at strong trajectory of growth in trade relationship.

He also noted that last year India’s investment in Australia was greater than Australia’s investment in India.

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