Trade agreements

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Summary of Australia's involvement in CPTPP disputes

The Australian Government welcomes today’s entry into force of the Australia-India Economic Cooperation and Trade Agreement (ECTA). ECTA underscores the Government’s commitment to delivering opportunities to diversify trade that are commercially meaningful for Australian businesses.

The Australia-India FTA, known as the Economic Cooperation and Trade Agreement (ECTA), entered into force on 29 December 2022. From that date, over 85 per cent of Australian goods exports by value to India are tariff free, rising to 90 per cent in six years, and high tariffs have been reduced on some additional products. In addition, 96 per cent of imports from India are now tariff free, rising to 100 per cent in four years.

On 17 November 2022, the Australian Government Joint Standing Committee on Treaties (JSCOT) handed down its report on the Australia-United Kingdom Free Trade Agreement (A-UKFTA). The committee made two recommendations.

Australian businesses and consumers can now take advantage of the Australia-India Economic Cooperation and Trade Agreement (ECTA), which entered into force on 29 December 2022. Over 90 per cent of Australian goods exports by value to India will have tariffs eliminated or reduced.

The Second RCEP Joint Committee (RJC) met virtually on 25 August 2022, co-chaired by Indonesia and New Zealand. Australia’s delegation was led by Ms Juliana Nam, Assistant Secretary, FTA Policy and Economic Cooperation Branch, FTA and Stakeholder Engagement Division.

The Assistant Minister for Trade, Senator the Hon Tim Ayres, represented Australia at the Inaugural Regional Comprehensive Economic Partnership Agreement (RCEP) Ministers’ Meeting held in Siem Reap, Cambodia on 17 September in the sidelines of the 54th ASEAN Economic Ministers’ Meeting.

The Australia-India Economic Cooperation and Trade Agreement (ECTA) will benefit Australian manufacturing exporters by eliminating or reducing tariffs on a wide range of products. The agreement offers opportunities for our exporters to diversify into a $4.3 trillion market of nearly 1.5 billion people.