Canberra, Nov. 25 -- : Australian Parliament this week ratified Free Trade Agreement (FTA) with India, a move being hailed by industry leaders and seen as an opportunity boost to trade in multiple sectors on both sides.

Australia is an important strategic partner of India and both democracies are part of the four-nation QUAD, Trilateral Supply Chain Initiative and the Indo-Pacific Economic Forum (IPEF), according to a press statement by the Ministry of Commerce and Industry.

Writing for the Sydney Morning Herald, former Australian senator Lisa Singh said the Australia-India trade deal was more than 10 years in the making, adding the deal will allow the nations to trade goods and services almost tariff-free.

"The scale of Australia's trad...