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Dominic Giannini

Business leaders celebrate new trade deals

Business leaders have welcomed greater access to British and Indian markets after the passing of free trade agreements.

The Business Council of Australia says the two treaties will open new opportunities.

"One of the best ways to create new opportunities for Australian workers is a growing economy fuelled by new investment and easier access to global markets," chief executive Jennifer Westacott told AAP.

Ms Westacott said access to the fastest-growing economy in the world - a market of 1.4 billion people in India - would provide "overwhelming benefits" in areas such as clean technology and education.

She said the UK agreement gave both nations the opportunity to access skilled labour and plug workforce shortages.

Resources Minister Madeleine King said the trade deals would boost Australia's industries, with one in four jobs coming from exports.

"This is the time for Australian exporters and for Australia's diversification strategy," she told parliament.

"These agreements will mean more Aussie exports and more jobs."

Parliament has ticked off the trade pacts but the treaties must be ratified by both nations.

Trade Minister Don Farrell hopes India and the UK will finalise their processes by the end of the year.

Senator Farrell said Australia would work with by nations to try and get the agreements in place as soon as possible.

"These agreements will support our businesses to grow, to offer more employment opportunities and will give Australian consumers more choice at the checkout," he said.

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