Australia-India Economic Co-operation Agreement
The Law Council of Australia’s International Law Section (ILS) appreciates the opportunity to provide a submission to the Joint Standing Committee on Treaties (JSCOT) inquiry into the Australia-India Economic Co-operation Agreement (Agreement), which was signed on 2 April 2022.
The ILS expresses its support for the Agreement, which it understands is intended to function as an interim or ‘early harvest’ agreement in advance of a Comprehensive Economic Cooperation Agreement to be concluded by the end of 2022.
The ILS notes the significant benefits for Australia from the Agreement as identified in the various briefing materials provided to JSCOT. As the various media releases indicate, India is the world’s largest democracy, the world’s fastest-growing major economy, and Australia’s third largest services export market.