India’s exports to its trade agreement partner Australia rose 64.4 per cent year-on-year to USD 643.7 million in November on account of healthy growth in sectors such as textiles, chemicals and agricultural products, according to the commerce ministry data.
However, the country’s merchandise exports recorded a decline of 5.21 per cent year-on-year to USD 5.56 billion during April-November 2024-25, the preliminary data showed.
India and Australia implemented an interim trade pact — Economic Cooperation and Trade Agreement (ECTA) — on December 29, 2022 and are now in negotiations to widen the scope of the pact and make it a Comprehensive Economic Cooperation Agreement (CECA).
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