Australia to end tariffs on all Indian exports from January: Goyal
In a significant development that is expected to boost India’s exports, Commerce Minister Piyush Goyal announced that Australia will eliminate tariffs on all Indian exports starting January 1, 2026. This move is part of the India-Australia Economic Cooperation and Trade Agreement (ECTA), which was signed three years ago. The agreement has been instrumental in promoting trade between the two countries, and the latest development is expected to further strengthen their economic ties.
Speaking on the third anniversary of the ECTA, Goyal stated that 100% of Australian tariff lines will be zero-duty for Indian exports. This means that Indian businesses will no longer have to pay tariffs on their exports to Australia, making their products more competitive in the Australian market. The move is expected to benefit a wide range of Indian industries, including textiles, pharmaceuticals, and agriculture.
According to Goyal, the ECTA has delivered sustained export growth, deeper market access, and stronger supply-chain resilience. The agreement has been successful in promoting trade between the two countries, and the latest development is expected to take their economic partnership to the next level. The elimination of tariffs on all Indian exports is a significant step forward, and it is expected to increase India’s exports to Australia significantly.
The India-Australia ECTA was signed on April 2, 2022, with the aim of promoting trade and investment between the two countries. The agreement covers a wide range of areas, including goods, services, and investment. It also provides for the elimination of tariffs on a significant portion of trade between the two countries. The agreement has been instrumental in promoting trade between India and Australia, and it has helped to increase bilateral trade significantly.
The elimination of tariffs on all Indian exports is a significant development, and it is expected to benefit Indian businesses in a big way. Indian exporters will no longer have to pay tariffs on their exports to Australia, making their products more competitive in the Australian market. This is expected to increase India’s exports to Australia significantly, and it will also help to create new job opportunities in India.
The move is also expected to benefit Australian businesses, as they will have access to a wider range of Indian products at competitive prices. The elimination of tariffs on all Indian exports will make Indian products more competitive in the Australian market, and it will also help to increase consumer choice. The move is expected to promote trade between the two countries, and it will also help to strengthen their economic partnership.
Goyal’s announcement has been welcomed by Indian businesses, who see it as a significant opportunity to increase their exports to Australia. The move is expected to benefit a wide range of Indian industries, including textiles, pharmaceuticals, and agriculture. Indian businesses are expected to take advantage of the zero-duty access to the Australian market, and it is expected to increase their exports significantly.
The elimination of tariffs on all Indian exports is also expected to promote investment between the two countries. The move is expected to create new opportunities for Indian businesses to invest in Australia, and it will also help to attract Australian investment to India. The agreement has already promoted investment between the two countries, and the latest development is expected to take their investment partnership to the next level.
In conclusion, the elimination of tariffs on all Indian exports to Australia is a significant development that is expected to boost India’s exports. The move is part of the India-Australia Economic Cooperation and Trade Agreement (ECTA), which has been instrumental in promoting trade between the two countries. The agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience, and the latest development is expected to take their economic partnership to the next level. Indian businesses are expected to take advantage of the zero-duty access to the Australian market, and it is expected to increase their exports significantly.
The move is also expected to benefit Australian businesses, as they will have access to a wider range of Indian products at competitive prices. The elimination of tariffs on all Indian exports will make Indian products more competitive in the Australian market, and it will also help to increase consumer choice. The move is expected to promote trade between the two countries, and it will also help to strengthen their economic partnership.
Overall, the elimination of tariffs on all Indian exports to Australia is a significant development that is expected to have a positive impact on India’s economy. It is expected to increase India’s exports to Australia significantly, and it will also help to create new job opportunities in India. The move is also expected to promote investment between the two countries, and it will help to take their economic partnership to the next level.
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