15 May Australia and India Officially Strengthen Economic Ties
Australia and India have fortified their ties by signing the Australia-India Authorised Economic Operator (AEO) Mutual Recognition Arrangement (MRA).
This MRA aims to provide mutual trade facilitation benefits as well as support Australian Trusted Traders (ATT) to gain faster and more efficient access into one of the fastest growing economies in the world and Australia’s sixth largest trading partner.
In addition, this arrangement will be instrumental in driving an estimated $588 million growth of trade into the Australian market over the coming decade, including strengthening supply chain security and providing diversified markets for Australian traders.
This is Australia’s 10th MRA, which includes other global trading partners such as Canada, the People’s Republic of China, Hong Kong SAR, Japan, the Republic of Korea, New Zealand, Singapore, Taiwan, and Thailand.
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