1. Home
  2. Current Questions
  3. India-Australia Economic Cooperation And Trade Agreement
  1. Current Question
  2. World Watch

India-Australia Economic Cooperation And Trade Agreement

Consider the following statements:

  1. Recently, the Australian Parliament ratified the India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA).
  2. The India-Australia ECTA is the first trade agreement of India with a developed country in more than a decade.
  3. As per the agreement, India will do away with Customs duties on 20 percent of products immediately and on 70.3 percent of tariff lines over a period of 10 years.

Which of the above statement(s) is/are true?

A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above