Testwale Logo


How long will it take for my account to be activated once the payment is made?

Once the payment is made, your account will be activated right away.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I reset my password?

For the users registered with their mobile number, follow the following steps for resetting your password: 1. You need to enter your mobile number on the log-in page. 2. Click "Forget Password", to get an OTP on your registered number. 3. Using the OTP received on your number, you can now reset your password.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I change the language of the article and quizzes?

We have a "Change Language" option in Test Series and Daily Quizzes. If you want the content (test and quiz) in Hindi/English language, go to Settings -> Change Language, to change your default language from Hindi to English or Vice-Versa.

I am unable to make payment for the pass.

In case of failure of a transaction before the amount deduction, we advise the student to try making the payment again. In case of transaction failure after amount deduction either access to the purchased product will be provided within few hours or we request the student to wait for 3 to 4 working days. The money will be credited back to his/her account.

I have made the payment but the tests are not unlocked.

Although rare, if so: You can directly mail us at [email protected] and we will resolve your issue.

What are all the payment methods allowed to buy a plan?

You can pay using: Credit Card/ Debit Card or Through: UPI and Netbanking.

What happens if I get disconnected during a test?

Don't worry! We auto-pause your test so, you can resume the test where you left. The test can also be manually paused by clicking on the "Pause" icon on the top left corner inside the timer circle. Please note: This function is not available in a Live Test.

What are the benefits of the subscription?

Here you will get access to test series and quizzes by top Educators. This will evaluate your learning and measure your progress.

  • Home
  • Current Affairs
  • DAILY CURRENT AFFAIRS:India Australia sign a historic trade agreement to boost economic ties

India Australia sign a historic trade agreement to boost economic ties

Tags: International News

India and Australia signed an historic trade  agreement on 2 April to give a boost to trade and investment between the two countries. The  India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) was signed virtually in the presence of the Indian Prime Minister Narendra Modi and the Australian Prime Minister Scott Morison.

  • The  agreement was signed by Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and  Textiles, Government of India and Mr. Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia in a virtual ceremony.

  • It is an interim trade deal which will be gradually converted into a  Comprehensive Economic Cooperation Agreement (CEPA). This is the second such agreement signed by India with a froeign country after a similar agreement was signed with the United Arab Emirates in March 2022.    

Highlights of the trade deal

  • More than  95% of roughly 12,000 Indian goods will get duty-free access to the Australian market.

  •  In the next five years  the agreement will be expanded  to cover 100% Indian goods. 

  • About 70% of Australian products will get duty-free and concessional access to the Indian market.This will be increased to cover 85% of goods in 10 years.

  • Indian exporters in critical sectors, especially labour-intensive ones like agriculture, textiles & garments and pharmaceuticals will get duty-free access to the Australian market. 

  •  India  will also get greater access to about 100 services.  The deal also  ensures freer movement of skilled professionals from India. 

  • India  has allowed import of premium Australian wine at a concessional rate. 

  •  India has kept the dairy sector out of the trade deal.

India Australia Trade 

  • India had a merchandise trade deficit of $7.2 billion with Australia in the first ten months of  2021-22. Its exports were  $6.3 billion, while its imports from Australia stood at $13.5 billion. 

  • The major items imported by India from Australia  are  coals, pearls ,precious stones ,woods and its products.

  • Major exports by India to Australia include petroleum products, gems and jewellery, textiles and apparels, engineering goods, leather, chemicals .

  • Australia is the 17th largest trading partner of India and India is Australia’s 9th largest partner.

  •  Bilateral trade in goods and services stood at USD 27.5 billion in 2021.

Importance of india for Australia 

Both India and Australia apart from the United States and Japan  are part of the QUAD  group. The QUAD is seen as an anti-China alliance. 

The Australian- China relationship has suffered a serious setback in the past couple of years and China has imposed sanctions on Australian products including wine, lobster and coal.

India is one of the fastest major economies in the world  and is seen as a major market for Australian products.

Please Rate this article, so that we can improve the quality for you -

Search By Tags

Committee Festivals of India Russia-Ukraine Sports National Economy/Finance International Relations Government Schemes Popular Defence Books and Authors Science and Technology Summits Economics/Business Awards Person in news State News Important Days Sports News International News National News
serablock login_ch-testwale