<p><strong>UAE trade talks:&nbsp;</strong>EAM S Jaishankar and his visiting UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan held talks on food security, trade and investment. India and UAE have projected to surpass bilateral trade worth $88 billion this year.</p>
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<p id="1"><strong>Aus Parl clears way for India trade deal, phase 2 talks soon</strong></p>
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<p>Will Remove All Import Duties, Liberal Visa Regime Expected</p>
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<p id="1"><strong>New Delhi: </strong>The Australian Parliament on Tuesday ratified the trade deal with India, paving the way for implementation of the first phase of the treaty, which will see Canberra remove import duty on all products and offer a more liberal visa regime in return for India cutting tariffs on a several items.</p>
<p id="2">The India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA), which was signed in April, needed to be cleared by the Australian Parliament, and is expected to be operationalised over the next couple of months after the procedural formalities are completed. Separately, negotiations for a comprehensive treaty are expected to commence in January, the commerce department said in a presentation.</p>
<p id="3">&ldquo;The entry into force of IndAus ECTA will be greatly welcomed by our business communities, and will further strengthen the India-Australia Comprehensive Strategic Partnership,&rdquo; PM Narendra Modi tweeted, hours after his Australian counterpart Anthony Albanese announced the green light from</p>
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<p id="1">Parliament. The Australian Parliament also cleared the trade deal with the UK.</p>
<p id="2">&ldquo;It reflects the confidence and trust between two countries&hellip; It is a big recognition of India&rsquo;s growing stature and the capability that our businesses provide to the world, both in goods and services,&rdquo; commerce and industry minister Piyush Goyal said. The double taxation avoidance agreement, which was also finalised, is expected to help Indian IT companies with savings of around $200 million estimated by industry body Nasscom, the minister said. He said the agreement is likely to push the bilateral trade to $4550 billion in the next five-six years from the current level of around $31 billion.</p>
<p id="3">In recent years, India has stepped up its FTA engagement with the UK, Canada and the EU with negotiations for an agreement with Gulf countries to be launched this week. This was the third such agreement, after the Mauritius and UAE trade pacts.</p>
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Aus Parl clears way for India trade deal, phase 2 talks soon

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