77% utilisation by Indian exporters in 9 months
The utilisation of the India-Australia Economic Cooperation and Trade Agreement (ECTA) by Indian exporters has reached 77 per cent in the course of the first 9 months for the reason that implementation of the interim commerce deal, in accordance with official knowledge.
This signifies that in the course of the January-September interval, of the full worth of commerce eligible for concessional tariffs underneath the commerce settlement, 77 per cent of the worth of Indian items is being exported utilizing the preferential or ECTA route.
For Indian exporters, sectors which have benefited from the commerce deal embody iron and metal merchandise, linens, agricultural merchandise, and electrical conductors.
First Published: Nov 20 2023 | 8:40 PM IST