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The India-Australia Free Trade Agreement (FTA) will go into effect on December 29th, and bilateral trade could double from $45 billion to $50 billion in about five years.
The India-Australia FTA, signed on 2 April, will provide duty-free access to over 6,000 Indian exporters across a wide range of sectors, including textiles, leather, furniture, jewelery and machinery to the Australian market.
Labor-intensive sectors such as textiles and apparel, some agricultural and fish products, leather, footwear, furniture, sporting goods, jewellery, machinery and electrical goods will benefit significantly.
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