Australian dairy exporters have approached the legislature to push for an organized commerce understanding i.e., Free Trade Agreement (FTA) with India in an offer to enhance the entrance to the nation’s colossal business sector.
With import tariffs in India ranging from 30 to 60 per cent, Australian dairy industry sees little chance of selling its products in the country. An FTA would help improve access to the country’s huge market.
Australian dairy product exports to India were limited to just $1.2 million in 2013-14. Australian diary exporters are targeting India’s growing middle class set to reach 200 million by 2020, from about 70 million.