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 has announced that Australia will be scrapping 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 take the bilateral trade to new heights.
According to Minister 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 India-Australia ECTA was signed on April 2, 2022, with the aim of promoting economic cooperation and trade between the two countries. The agreement has been successful in delivering sustained export growth, deeper market access, and stronger supply-chain resilience. Minister Goyal stated that the agreement has been a game-changer for Indian exports, and the latest development will further boost the country’s export sector.
The removal of tariffs on Indian exports is expected to increase India’s exports to Australia significantly. India’s exports to Australia have already shown a significant increase since the signing of the ECTA. The country’s exports to Australia have grown by over 20% in the last year, and the latest development is expected to further accelerate this growth.
The India-Australia ECTA is a comprehensive agreement that covers a wide range of areas, including trade in goods and services, investment, and economic cooperation. The agreement has been designed to promote mutual trade and investment between the two countries, and to strengthen their economic relationship.
One of the key features of the ECTA is the reduction of tariffs on Indian exports to Australia. The agreement provides for the gradual reduction of tariffs on Indian exports over a period of time. However, with the latest development, Australia will be scrapping all tariffs on Indian exports from January 1, 2026, much earlier than expected.
The removal of tariffs on Indian exports is expected to benefit a wide range of Indian industries. The textiles industry, for example, is expected to be a major beneficiary of the move. Indian textile exporters will no longer have to pay duties on their exports to Australia, making their products more competitive in the Australian market.
The pharmaceutical industry is another sector that is expected to benefit from the move. Indian pharmaceutical companies will be able to export their products to Australia without paying any duties, making them more competitive in the Australian market.
The agriculture sector is also expected to benefit from the move. Indian farmers will be able to export their products to Australia without paying any duties, making them more competitive in the Australian market.
The removal of tariffs on Indian exports is also expected to promote investment between the two countries. With the reduction of tariffs, Indian companies will be able to export their products to Australia more easily, making them more attractive to Australian investors.
In addition to promoting trade and investment, the ECTA is also expected to strengthen the economic relationship between India and Australia. The agreement provides for cooperation in areas such as education, tourism, and science and technology.
In conclusion, the removal of tariffs on Indian exports to Australia 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 and investment between the two countries. With 100% of Australian tariff lines being zero-duty for Indian exports, starting January 1, 2026, Indian exporters will be able to export their products to Australia without paying any duties, making them more competitive in the Australian market.
The development is expected to benefit a wide range of Indian industries, including textiles, pharmaceuticals, and agriculture. It is also expected to promote investment between the two countries and strengthen their economic relationship.
As Minister Goyal stated, the India-Australia ECTA has delivered sustained export growth, deeper market access, and stronger supply-chain resilience. The latest development is expected to further boost the country’s export sector and promote economic cooperation between India and Australia.
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