Australia and India have revived their discussions on a free trade agreement that would liberalize and deepen their bilateral trade, and result in a corresponding increase in work for law firms.

The India-Australia Comprehensive Economic Cooperation Agreement (CECA), would lower tariffs on goods and facilitate more trade between the two countries. And if the monetary thresholds for which Indian investments into Australia need regulatory approval are increased, the trade agreement will make way for even more investment and more legal work, said Samy Mansour, a partner at Australian firm Clayton Utz.