Australia and India sign free trade agreement

The trade ministers of Australia and India have signed a major free trade agreement by videoconference.

The agreement will slash tariffs on Australian products exported to India, mainly for mutton, wool, coal, lobster and other products.

In addition, the agreement agreed to reduce tariffs on red wine, fruit, and some agricultural products in stages, but did not include dairy products and chickpeas that the Australian side attached great importance to.

Both parties to the agreement stated that the signing of the agreement will help the two countries to further strengthen their trade partnership.

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