"The Australian federal election is slated for May next year. As a result, the government's focus could be more on local issues, especially February onwards," the person cited above told Business Standard.
Both nations had signed the interim trade deal, also known as India Australia Economic Cooperation and Trade Agreement (ECTA) that came into force on December 29, 2022.
When ECTA was signed, it was decided that the larger idea would be to use the foundation of the interim deal to resume negotiations on the deeper and more ambitious trade deal - CECA.
This story is from the June 21, 2024 edition of Business Standard.
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This story is from the June 21, 2024 edition of Business Standard.
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