Officials said that the utilisation of the India-Australia Economic Cooperation and Trade Agreement (ECTA) is as high as 90% in around 113 products especially labour-intensive items where duties were reduced to nil from 5% under the pact. 90% of the exports of these products to Australia are happening through the FTA (free trade agreement) route,” said an official. This assumes significance as India’s utilization rate of its FTAs has been historically low due to documentation costs, lack of awareness and strict morphine norms. (ICE NEW DELHI)

Fonte notizia: The Economic Times