Australia to end tariffs on all Indian exports from January: Goyal
In a significant development that is set to boost India’s exports, 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 a game-changer for India’s export sector, providing deeper market access and stronger supply-chain resilience.
According to Minister Goyal, 100% of Australian tariff lines will be zero-duty for Indian exports, effective January 1, 2026. This means that Indian businesses will be able to export goods to Australia without having to pay any tariffs, making their products more competitive in the Australian market. The move is expected to give a significant boost to India’s exports, particularly in sectors such as textiles, pharmaceuticals, and agriculture.
The India-Australia ECTA was signed on April 2, 2022, with the aim of promoting trade and investment between the two countries. The agreement has been a major success, with India’s exports to Australia growing significantly since its implementation. The agreement has also facilitated the growth of bilateral trade between the two countries, with trade volumes increasing by over 20% in the first year of the agreement.
Minister Goyal stated that the agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience. He also highlighted the fact that the agreement has helped to increase India’s exports to Australia, particularly in sectors such as textiles, pharmaceuticals, and agriculture. The minister also noted that the agreement has helped to promote investment between the two countries, with Australian companies investing in India and Indian companies investing in Australia.
The elimination of tariffs on all Indian exports to Australia is a significant development that is set to benefit Indian businesses. The move will make Indian products more competitive in the Australian market, allowing them to compete on a level playing field with products from other countries. The elimination of tariffs will also help to increase India’s exports to Australia, particularly in sectors such as textiles, pharmaceuticals, and agriculture.
The textiles sector is one of the largest employers in India, with millions of people employed in the sector. The elimination of tariffs on textiles exports to Australia will provide a significant boost to the sector, allowing textile manufacturers to export their products to Australia without having to pay any tariffs. This will make Indian textiles more competitive in the Australian market, allowing them to compete with products from other countries.
The pharmaceuticals sector is another sector that is set to benefit from the elimination of tariffs on Indian exports to Australia. India is one of the largest producers of pharmaceuticals in the world, with many Indian companies exporting their products to countries around the world. The elimination of tariffs on pharmaceuticals exports to Australia will provide a significant boost to the sector, allowing Indian pharmaceutical companies to export their products to Australia without having to pay any tariffs.
The agriculture sector is also set to benefit from the elimination of tariffs on Indian exports to Australia. India is one of the largest producers of agricultural products in the world, with many Indian farmers exporting their products to countries around the world. The elimination of tariffs on agricultural exports to Australia will provide a significant boost to the sector, allowing Indian farmers to export their products to Australia without having to pay any tariffs.
In conclusion, the elimination of tariffs on all Indian exports to Australia is a significant development that is set to boost India’s exports. The move will make Indian products more competitive in the Australian market, allowing them to compete on a level playing field with products from other countries. The elimination of tariffs will also help to increase India’s exports to Australia, particularly in sectors such as textiles, pharmaceuticals, and agriculture. As Minister Goyal stated, the agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience, and the elimination of tariffs on all Indian exports to Australia will only serve to further strengthen the trade relationship between the two countries.
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