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India-Australia trade pact: India rejects demand for tariff cuts on dairy and wine; second phase of BTA delayed
India has declined Australia's request for lower tariffs on dairy and alcohol. This move has caused a delay in the second phase of their trade agreement. The primary disagreements revolve around dairy and wine tariffs. India is concerned about the impact on its farmers and domestic industries. Despite this, both countries remain committed to progressing the trade pact.
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