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Australia Says First Trade Deal With India's Modi Is Very Close

  • Australia's trade with India is 10 times less than with China
  • Indian official: ``Would be difficult to give any timelines"
Narendra Modi.

Narendra Modi.

Photographer: Kuni Takahashi/Bloomberg

Australia says it’s close to signing the first free-trade agreement with India since Narendra Modi came to power almost two years ago.

The deal could be completed in six to eight weeks if both sides sit down and go through the issues, according to Australia’s special trade envoy Andrew Robb. He sees it as a bigger boon for Australia than a similar agreement signed last year with China.