News Snapshot:
New Delhi: To take Beijing head-on economically for reducing their trade dependency on China, the Australian Parliament ratified the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA), adding another pillar in the already growing strategic relationship. Australian Prime Minister Anthony Albanese, who is slated to visit India in March 2023, made the announcement Tuesday through a tweet in which he tagged his Indian counterpart Narendra Modi. The AI-ECTA is an initial trade agreement which will finally culminate into a much bigger pact — Comprehensive Economic Cooperation Agreement (CECA), which is under negotiations. Under the AI-ECTA, which will come into effect by...
