Australia-India Free Economic and Trade Agreement (IAECTA) for trades professionals and mobility for services suppliers
The India Australia Economic Cooperation and Trade Agreement (IAECTA) – passed the Australian Senate this week. This trade agreement will deliver new market access opportunities for Australian businesses and consumers from 29 December 2022.
Reflecting the importance of Australia's education exports to India, Australia has for the first time confirmed post-study work rights in a side letter to a free trade agreement and will extend access for highly sought after STEM graduates.
Australia will maintain opportunities for former Indian students to live, study and work temporarily upon completion of:
- a diploma or trade qualification (up to 18 months), bachelor’s degree (up to two years),
- Master’s degrees (up to three years) or
- doctoral degree (up to four years).
An additional year will be available for Indians who graduate with a bachelor’s degrees in STEM and ICT with First Class Honours (from two to three years).
Australia will also provide new access for young Indians to participate in working holidays in Australia. Places in Australia's Work and Holiday program will be set at 1,000 per year and Australia will have two years to implement the outcome in this new location.
For further information refer to :https://www.dfat.gov.au/trade/agreements/negotiations/aifta/australia-india-ecta-outcomes
