Australia to end tariffs on all Indian exports from January: Goyal
In a significant development, Commerce Minister Piyush Goyal announced that Australia will eliminate tariffs on all Indian exports, starting January 1, 2026, under the India-Australia Economic Cooperation and Trade Agreement (ECTA). This move is expected to give a substantial boost to India’s exports and strengthen the economic ties between the two nations. The announcement was made on the third anniversary of the ECTA, which has already delivered sustained export growth, deeper market access, and stronger supply-chain resilience.
The India-Australia ECTA was signed in 2022, with the aim of promoting trade and investment between the two countries. The agreement has been instrumental in increasing bilateral trade and investment, and the elimination of tariffs on all Indian exports is a major milestone in this journey. As per the agreement, 100% of Australian tariff lines will be zero-duty for Indian exports, making it easier for Indian businesses to access the Australian market.
This development is expected to have a positive impact on various sectors, including textiles, pharmaceuticals, and agriculture, among others. Indian exporters will now be able to compete on a level playing field with their Australian counterparts, without the burden of tariffs. This is likely to lead to an increase in exports, which in turn will contribute to India’s economic growth and job creation.
The elimination of tariffs will also make Indian products more competitive in the Australian market, which will lead to increased market share for Indian exporters. This, in turn, will lead to increased economic cooperation and trade between the two nations, which is a key objective of the ECTA. The agreement has already delivered significant benefits to both countries, and the elimination of tariffs is expected to further strengthen the economic ties between India and Australia.
Commerce Minister Piyush Goyal stated that the agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience. He also expressed his satisfaction with the progress made under the ECTA and expressed his confidence that the elimination of tariffs will further boost trade and investment between the two countries.
The elimination of tariffs on all Indian exports is a significant development, and it is expected to have a positive impact on the Indian economy. The move is expected to increase exports, create jobs, and contribute to India’s economic growth. It is also expected to strengthen the economic ties between India and Australia, which is a key objective of the ECTA.
In addition to the elimination of tariffs, the ECTA has also provided for other benefits, such as simplified customs procedures, reduced compliance costs, and increased market access. These benefits are expected to make it easier for Indian exporters to access the Australian market and increase their exports.
The India-Australia ECTA is a significant agreement, and it has the potential to take the economic relationship between the two countries to the next level. The elimination of tariffs on all Indian exports is a major milestone in this journey, and it is expected to have a positive impact on the Indian economy.
In conclusion, the announcement by Commerce Minister Piyush Goyal that Australia will eliminate tariffs on all Indian exports from January 1, 2026, is a significant development. The move is expected to give a substantial boost to India’s exports and strengthen the economic ties between the two nations. The ECTA has already delivered significant benefits to both countries, and the elimination of tariffs is expected to further boost trade and investment between the two countries.
As the Indian economy continues to grow and evolve, agreements like the ECTA will play a crucial role in promoting trade and investment. The elimination of tariffs on all Indian exports is a major milestone in this journey, and it is expected to have a positive impact on the Indian economy.
The future of India-Australia trade looks bright, and the elimination of tariffs on all Indian exports is a significant step in this direction. As the two countries continue to work together to promote trade and investment, we can expect to see significant benefits for both nations.
About the Author
