Australia to end tariffs on all Indian exports from January: Goyal
In a significant development for Indian exporters, Commerce Minister Piyush Goyal has 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 hailed as a major success, with Goyal stating that it has delivered sustained export growth, deeper market access, and stronger supply-chain resilience.
The ECTA was signed on April 2, 2022, with the aim of boosting bilateral trade between India and Australia. The agreement has been instrumental in increasing trade between the two countries, with Indian exports to Australia witnessing a significant surge. The elimination of tariffs on all Indian exports is expected to further boost trade and provide a significant fillip to Indian exporters.
According to Goyal, 100% of Australian tariff lines will be zero-duty for Indian exports, starting January 1, 2026. This means that Indian exporters will no longer have to pay any duties 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.
The ECTA has been a major success story for India, with the country’s exports to Australia growing significantly since the agreement was signed. The agreement has provided Indian exporters with preferential access to the Australian market, allowing them to compete more effectively with other countries. The elimination of tariffs on all Indian exports will further enhance the competitiveness of Indian products in the Australian market.
Goyal stated that the ECTA has delivered sustained export growth, deeper market access, and stronger supply-chain resilience. He also highlighted the significance of the agreement in promoting bilateral trade between India and Australia. The agreement has been instrumental in promoting economic cooperation between the two countries, with both sides working closely to increase trade and investment.
The elimination of tariffs on all Indian exports is a major achievement for the Indian government, which has been working to increase the country’s exports and promote economic growth. The move is expected to benefit a wide range of Indian industries, including small and medium-sized enterprises (SMEs), which are a significant contributor to the country’s exports.
The ECTA has also been instrumental in promoting investment between India and Australia. The agreement has provided a framework for investment cooperation between the two countries, with both sides working to increase investment in key sectors such as infrastructure, energy, and manufacturing.
In addition to the elimination of tariffs, the ECTA has also provided for the reduction of non-tariff barriers, such as regulatory hurdles and bureaucratic delays. The agreement has also promoted cooperation in areas such as customs procedures, trade facilitation, and dispute settlement.
The significance of the ECTA cannot be overstated, as it has provided a major boost to bilateral trade between India and Australia. The agreement has also promoted economic cooperation between the two countries, with both sides working closely to increase trade and investment.
In conclusion, the elimination of tariffs on all Indian exports to Australia is a major development for Indian exporters. The move is expected to boost trade between India and Australia, providing a significant fillip to Indian exporters. The ECTA has been a major success story for India, with the country’s exports to Australia growing significantly since the agreement was signed. The agreement has promoted economic cooperation between the two countries, with both sides working closely to increase trade and investment.
As India and Australia continue to work together to promote bilateral trade and investment, the elimination of tariffs on all Indian exports is a significant step forward. The move is expected to benefit a wide range of Indian industries, including SMEs, and promote economic growth and development.
The Indian government has been working to increase the country’s exports and promote economic growth, and the ECTA has been a major achievement in this regard. The agreement has provided Indian exporters with preferential access to the Australian market, allowing them to compete more effectively with other countries.
As we look to the future, it is clear that the ECTA will continue to play a significant role in promoting bilateral trade and investment between India and Australia. The elimination of tariffs on all Indian exports is a major development, and it is expected to boost trade between the two countries.
In the coming years, we can expect to see significant growth in trade between India and Australia, with the ECTA providing a framework for cooperation and investment. The agreement has promoted economic cooperation between the two countries, and it is expected to continue to do so in the future.
In the end, the elimination of tariffs on all Indian exports to Australia is a major achievement for the Indian government, and it is expected to have a significant impact on the country’s exports and economic growth. The ECTA has been a major success story for India, and it is expected to continue to promote bilateral trade and investment between India and Australia.
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