{"id":6142,"date":"2022-11-23T17:01:26","date_gmt":"2022-11-23T11:31:26","guid":{"rendered":"https:\/\/www.indianwineacademy.com\/articles\/?p=6142"},"modified":"2022-11-28T18:06:39","modified_gmt":"2022-11-28T12:36:39","slug":"item_3_920","status":"publish","type":"post","link":"https:\/\/www.indianwineacademy.com\/articles\/item_3_920\/","title":{"rendered":"Australia Parliament ratifies Indo Australian FTA (ECTA)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6142\" class=\"elementor elementor-6142\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4720b6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4720b6a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-53f09f7\" data-id=\"53f09f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70aab53 elementor-widget elementor-widget-text-editor\" data-id=\"70aab53\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Posted: Wednesday, 23 November 2022 17:46<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-ad9e937\" data-id=\"ad9e937\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-cccb2a7\" data-id=\"cccb2a7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b4aea3 elementor-widget elementor-widget-text-editor\" data-id=\"1b4aea3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<u>If you Like this article, please click\n<iframe style=\"border: none; overflow: hidden; width: 120px; height: 21px;\" src=\"https:\/\/www.facebook.com\/plugins\/like.php?app_id=173955395995712&amp;href=https%3A%2F%2Fwww.facebook.com%2Fwineguyindia&amp;send=false&amp;layout=button_count&amp;width=120&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;font=arial&amp;height=21\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/u>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9669605 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9669605\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b62f3ec\" data-id=\"b62f3ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0e78f1 elementor-widget elementor-widget-text-editor\" data-id=\"c0e78f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"row\"><div class=\"col-sm-12\"><h1 class=\"articlepagetitle_heading\">Australia Parliament ratifies Indo Australian FTA (ECTA)<\/h1><div class=\"articlepageintroline\">Nov 23: The Australian Parliament has finally given the Indo- Australian FTA its seal of approval yesterday and with a few procedural aspects that may take around a month to be completed, both India and Australia would hope the treaty will take effect soon after that, giving a wider choice to consumers in both countries, according to various media reports<\/div><div class=\"articledata\"><figure id=\"attachment_lft\" aria-describedby=\"caption-attachment-lft\" style=\"width: 400px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6154\" src=\"https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-300x166.jpg\" alt=\"Australian PM Anthony Albanese with PM Narendra Modi at G20 Summit last week\" width=\"400\" height=\"222\" srcset=\"https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-300x166.jpg 300w, https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg 752w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><figcaption id=\"caption-attachment-lft\" class=\"wp-caption-text\">Australian PM Anthony Albanese with PM Narendra Modi at G20 Summit last week<\/figcaption><\/figure><p>Prime Minister, <strong>Narendra Modi<\/strong> thanked the Australian PM, <strong>Anthony Albanese<\/strong> on Twitter. <strong>Piyush Goyal<\/strong>, Indian Commerce and industry minister said in a tweet: \u201cDelighted that India-Australia Economic Cooperation &amp; Trade Agreement has been passed by the Australian Parliament. A result of our deep friendship, it sets the stage for us to unleash the full potential of our trade ties &amp; spur massive economic growth.\u201d<\/p><p>The response in Australia to the India-Australia Economic Cooperation and Trade Agreement (AI-ECTA), as the FTA is known in Australia, seems to be lukewarm to sarcastic on Twitter.<\/p><p>One young Twitter subscribers responds, \u2018we export a few boxes of wine, maybe some meat &amp; cheese, and import millions of low wage workers and their entire extended families: wage suppression, forever housing shortage, and crashing what&#8217;s left of Medicare all in one fell,\u2019<\/p><p><strong>Also Read : <a href=\"https:\/\/www.indianwineacademy.com\/articles\/item_6_916\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #990000;\">Indo Australian FTA likely to be ratified by mid- November<\/span><\/a><\/strong><\/p><p>\u2018Australians should have zero trust in anything Albo (PM Albanese) signs. He&#8217;s been walking around foreign countries like a Santa Clause on steroids, trying to buy friendships and influence. True and trusting friendships are never bought with bribery and money.\u2019<\/p><p><strong>Also read: <a href=\"https:\/\/www.indianwineacademy.com\/item_3_907.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #990000;\">Australian Wines to get Cheaper in India with FTA signed Today<\/span><\/a><\/strong><\/p><p>\u201cUnlike Australia, the Indian Parliament has no power to ratify such Trade and Investment Agreements, which are signed and also ratified by the Union Cabinet more like the Soviet Union, I hope Indian Legislators raise this issue in the Parliament\u201d, quips another.<\/p><p><strong>Also read: <a href=\"https:\/\/www.indianwineacademy.com\/item_1_907.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #990000;\">Australia over-optimistic on duty Reduction on Aussie Wines in FTA<\/span> <\/a><\/strong><\/p><p>While such remarks and caustic comments are expected from a section, the ECTA is expected to increase trade between the two countries. More importantly, it paves the way for a speedier approach to signing the Indo-EU FTA that has started to pick up momentum.<\/p><p>The Agreement was signed between the two countries in April this year.<\/p><p><strong>Also read: <a href=\"https:\/\/www.indianwineacademy.com\/item_4_897.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #990000;\">Australia hopeful of an early FTA with India<\/span> <\/a><\/strong><\/p><p>Goyal said that now the Australian government will take approval from their executive council and the ministry from the Union Cabinet here. These approvals, he said, are very much doable and fast. He added that these will be followed by harmonisation of codes and customs regime so that both India and Australia can enter into force at an early date\u201d, adding that the deal was fair and good for India.<\/p><p><strong>Also read: <a href=\"https:\/\/www.indianwineacademy.com\/item_5_893.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #990000;\">FTA: Australia- India set Ambitious Target of December 2022 <\/span><\/a><\/strong><\/p><p><strong>Don Farrell<\/strong>, Minister for Trade and Tourism for Australia, said that the agreement would support business growth, offer more employment opportunities, and will give Australian consumers wider choices. He hoped that Australia would work closely with the Indian government to implement the trade agreement as soon as possible.<\/p><p><strong>Subhash Arora<\/strong><\/p><\/div><div class=\"articledata\">\u00a0<\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Posted: Wednesday, 23 November 2022 17:46 If you Like this article, please click Australia Parliament ratifies Indo Australian<\/p>\n","protected":false},"author":1,"featured_media":6154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,82],"tags":[91,93,92],"class_list":["post-6142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-headline","category-other-headlines","tag-australia-parliament","tag-ecta","tag-fta"],"featured_image_urls":{"full":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",752,417,false],"thumbnail":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-150x150.jpg",150,150,true],"medium":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-300x166.jpg",300,166,true],"medium_large":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",640,355,false],"large":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",640,355,false],"1536x1536":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",752,417,false],"2048x2048":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",752,417,false],"slider-bg":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",752,417,false],"card-grid":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-600x417.jpg",600,417,true],"card-list":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-600x417.jpg",600,417,true],"morenews-featured":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",752,417,false],"morenews-large":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20.jpg",752,417,false],"morenews-medium":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2022\/11\/G-20-590x410.jpg",590,410,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/www.indianwineacademy.com\/articles\/author\/admin\/"},"category_info":"<a href=\"https:\/\/www.indianwineacademy.com\/articles\/category\/top-headline\/\" rel=\"category tag\">Top Headline<\/a> <a href=\"https:\/\/www.indianwineacademy.com\/articles\/category\/other-headlines\/\" rel=\"category tag\">Other Headlines<\/a>","tag_info":"Other Headlines","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts\/6142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/comments?post=6142"}],"version-history":[{"count":24,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts\/6142\/revisions"}],"predecessor-version":[{"id":6184,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts\/6142\/revisions\/6184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/media\/6154"}],"wp:attachment":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/media?parent=6142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/categories?post=6142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/tags?post=6142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}