On the third anniversary of the India–Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), Union Commerce and Industry Minister Piyush Goyal said the partnership has successfully translated intent into tangible economic impact.
Highlighting a major milestone, the minister announced that from January 1, 2026, 100 per cent of Australian tariff lines will become zero-duty for Indian exports, opening significant opportunities for labour-intensive sectors and boosting India’s export competitiveness.
Over the past three years, the agreement has driven sustained export growth, enhanced market access, and stronger supply-chain resilience, benefiting Indian exporters, MSMEs, farmers, and workers. India’s exports to Australia grew by 8 per cent in FY 2024–25, contributing to an improved trade balance.
Strong export growth was recorded across sectors including manufacturing, chemicals, textiles, plastics, pharmaceuticals, petroleum products, and gems and jewellery. Agri-exports also showed broad-based growth, with notable increases in fruits and vegetables, marine products, spices, and exceptional growth in coffee. Gems and jewellery exports rose 16 per cent during April–November 2025.
Reinforcing the depth of bilateral ties, India and Australia also signed a Mutual Recognition Arrangement (MRA) on organic products, a significant step that will simplify procedures, reduce compliance costs, and enable smoother trade for exporters.
Calling the trade pact a key pillar of India’s Indo-Pacific engagement, Goyal said it aligns with the ‘Make in India’ initiative and the vision of ‘Viksit Bharat 2047’.
“Together, India and Australia are building a future of shared prosperity and trusted trade,” he said in a post on X.