With reference to “Indla – Australia Economic Co- operation and Trade Agreement (Ind- Aus ECTA),” which of the following statements is/are correct? 1. This is a first-of-its-kind initiative of FTAs.…

Question

With reference to “Indla – Australia Economic Co- operation and Trade Agreement (Ind- Aus ECTA),” which of the following statements is/are correct? 1. This is a first-of-its-kind initiative of FTAs. 2. The meeting was attended by the Commerce Secretary of India, Shri Sunil Barthwal. Select the correct answer using the codes given below:

PYQPulse · Accepted Answer

Both 1 and 2

PYQPulse · Answer

Explanation: First-of-its-kind Initiative: The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) is notable as it is the first Free Trade Agreement (FTA) that India has signed with a major developed country in over a decade. Attendance of Commerce Secretary: The first Joint Committee Meeting (JCM) under the Ind-Aus ECTA was held in Canberra, Australia, on 29 April 2024.

Answer: D. Both 1 and 2

Explanation

Answer: D. Both 1 and 2

Explanation