With reference to the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), consider the following statements:
1. It is the first Free Trade Agreement (FTA) that India has signed with a major developed country in over a decade.
2. The ECTA between India and Australia covers almost all the tariff lines dealt in by India and Australia respectively.
3. India will be offering preferential access to Australia on 100% of its tariff lines.
Which of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3