WBCS.LIVE practice question

With which country has India recently signed the Economic Cooperation and Trade Agreement (ECTA)?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. England
  2. USA
  3. Australia
  4. France

Correct answer and explanation

Correct answer: Australia

Explanation: India signed the Economic Cooperation and Trade Agreement (ECTA) with Australia. 📚 Other Information: ▪️ Signed in April 2022, it was India’s first trade agreement with a developed country in a decade. ▪️ Provides zero-duty access to many Indian exports in Australia. ▪️ Key sectors: textiles, gems, jewellery, pharmaceuticals, education. ▪️ Australia will benefit from increased access in wine, wool, coal, and critical minerals. ▪️ Aims to boost bilateral trade from $27 billion to $45–50 billion in 5 years. ▪️ Supports creation of 10 lakh jobs in India. ▪️ Strengthens India-Australia ties under the Indo-Pacific framework. ▪️ Expected to help India’s exporters in SME and manufacturing sectors.