<h1>India-Australia Trade Pact to Boost Jobs, Market Access, and Student Visas; Targets $50 Billion Trade in 5 Years.</h1> India and Australia have exchanged written notifications to implement the India-Australia Economic Cooperation and Trade Agreement (Ind-AUS ECTA) on 29 December 2022. This agreement aims to strengthen bilateral ties, enhance market access, and boost investments, potentially creating 10 lakh jobs in India. It will eliminate duties on all tariff lines by Australia, benefiting sectors such as Indian Yoga and culinary professionals through visa quotas. Over 1 lakh Indian students will gain from extended post-study work visas. The agreement is expected to increase bilateral trade to US$ 45-50 billion in five years and foster resilient supply chains.