The landmark trade deal signed between India and Australia not only makes 96.8 per cent of Indian goods get duty free access to the island nation, it also creates job opportunities for thousands and simplifies the visa system for Indian employees and students in Australia. The India Australia Economic Cooperation and Trade Agreement aims to enhance exports linked to movement of professionals, businesspersons, students due to strong temporary entry and stay commitments by Australia.
Union minister Piyush Goyal who was signing the pact on the day, said the deal will create one million jobs. Terming ‘people to people’ relations as the key pillar of the relationship between India and Australia, Prime Minister Narendra Modi, who witnessed the signing of the deal, said, “This agreement will facilitate the exchange of students, professionals, and tourists between us, which will further strengthen these relations.”
Under the services sector deal of the IndAus ECTA, Australia has given an annual quota of 1,800 for qualified, professional Indian traditional chefs and yoga teachers entering as contractual service suppliers. This means that temporary entry and stay is permissible for a period up to four years with a possibility of further stay.
The deal also provides a provision for around one lakh Indian students to obtain post study work visa in Australia, which will be given on a reciprocal basis. This will provide extended options for working in Australia to eligible Indian graduates, postgraduates and STEM specialists. Students can stay for up to a period of four years under the provisions of this agreement.
Research collaboration between Indian and Australian universities will also be increased, while dual degree programs between India and Australia have been initiated.
Provisions have also been created under the deal, which will pave way for initiating dialogues on MRAs in nursing, architecture and other services between the professional bodies of India and Australia. This in turn will gear up movement of workers between both the countries. There are around 1,500 CAs already working in Australia under MRA.