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1,800 Indian chefs and yoga instructors to receive 4year visas under the Australia India treaty
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1,800 Indian chefs and yoga instructors to receive 4year visas under the Australia India treaty
- India Australia Economic Cooperation and Trade Agreement (ECTA) took effect on March 30.
- 1,800 Indian chefs and yoga instructors will be allowed to live, work and stay in Australia for up to 4 years.
- The agreement is expected to magnify India-Australia bilateral trade from $31 billion to over $45-50 billion in 5 years.
- One must meet relevant eligibility criteria to enter Australia under this agreement.
- ECTA will increase Indian exports to Australia to reach $15 billion by 2025, while the services will go up to US$ 10 billion by 2025.
Trade Agreement between India and Australia
1,800 Indian chefs and yoga instructors will be allowed to live, work and stay for up to 4 years in Australia under the India-Australia Economic Cooperation and Trade Agreement (ECTA). The agreement came into effect on Thursday, March 30.
The stay and entry will be temporary, and they will enter the country as Contractual Service Suppliers of India. One must meet relevant eligibility criteria to enter Australia under this agreement.
Expectations of the Agreement
The agreement is expected to magnify India’s bilateral trade with Australia. The trade value between the two countries is $31 billion, expected to reach over $45-50 billion in the next five years.
Impact of the pact on India-Australia
The Indian goods on all tariff lines will access the Australian market at zero customs duty under the pact. As per the estimations of the Federation of Indian Export Organisations, Indian exports to Australia to reach $15 billion by 2025, while the services will go up to US$ 10 billion by 2025.
Impact of the pact on the Indians
The pact will also benefit more than 1 lakh Indian students from the post-study work visas for up to 4 years on a reciprocal basis.
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