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 nations, and the latest development is expected to take the bilateral trade to new heights.
According to Minister Goyal, 100% of Australian tariff lines will be zero-duty for Indian exports from January 1, 2026. This means that Indian exporters will no longer have to pay any 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.
The India-Australia ECTA was signed on April 2, 2022, with the aim of promoting economic cooperation and trade between the two nations. The agreement has been successful in delivering sustained export growth, deeper market access, and stronger supply-chain resilience. Since its implementation, India’s exports to Australia have seen a significant increase, and the latest development is expected to further accelerate this growth.
Minister Goyal stated that the agreement has been a game-changer for Indian exporters, providing them with unprecedented access to the Australian market. He also highlighted the importance of the agreement in promoting economic cooperation and trade between the two nations. “The agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience,” he said.
The elimination of tariffs on Indian exports is expected to have a positive impact on India’s trade deficit with Australia. India has been facing a trade deficit with Australia, and the latest development is expected to help narrow this gap. The move is also expected to create new opportunities for Indian exporters, particularly in the services sector.
The India-Australia ECTA is a comprehensive agreement that covers a wide range of areas, including goods, services, and investment. The agreement has been designed to promote economic cooperation and trade between the two nations, and the latest development is a significant step towards achieving this goal.
The elimination of tariffs on Indian exports is also expected to have a positive impact on the Indian economy. The move is expected to create new jobs, increase economic growth, and promote investment in the country. The Indian government has been working to promote exports and increase the country’s share in global trade, and the latest development is a significant step towards achieving this goal.
In recent years, India has been working to strengthen its trade relationships with other nations, and the India-Australia ECTA is a significant part of this effort. The agreement has been successful in promoting trade between the two nations, and the latest development is expected to take this relationship to new heights.
In conclusion, the announcement by Minister Goyal that Australia will eliminate tariffs on all Indian exports from January 1, 2026, is a significant development that is expected to boost India’s exports. The move is part of the India-Australia ECTA, which has been successful in promoting trade between the two nations. The elimination of tariffs on Indian exports is expected to have a positive impact on India’s trade deficit with Australia, create new opportunities for Indian exporters, and promote economic growth and investment in the country.
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