India-Australia trade deal to boost bilateral ties, says Tony Abbott

The interim trade deal between both nations was signed in April last year but kicked in from 29 December. Both sides have now started working towards a comprehensive trade deal

Former Australian Prime Minister Tony Abbott on Thursday said the recently-implemented trade deal between India and Australia would boost economic and bilateral ties between both nations. 

“The existing FTA is good... can it be further developed? Yes, it can (be) and my understanding is that the trade ministers (of both the countries) will start discussions in coming days (on expanding the scope of the existing trade deal),” he said at a media briefing, adding that businesses on both sides should formulate strategies to take advantage of the deal.   

The interim trade deal between both nations was signed in April last year