Australia-India Economic Cooperation and Trade Agreement (ECTA)
Australian businesses and consumers can now take advantage of new trade opportunities offered by the Australia-India Economic Cooperation and Trade Agreement (ECTA), which entered into force on 29 December 2022. Over 85 per cent of Australian goods exports by value to India are now 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.
Media release: Trade deal unlocks access to India
Media release: Trade deal with India delivers from 29 December
The Australia-India Economic Cooperation and Trade Agreement was signed by then Minister for Trade, Tourism and Investment Dan Tehan and India’s Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles of India Piyush Goyal on 2 April 2022.
Joint media release: Historic trade deal with India, 2 April 2022
ECTA helps secure access to the fast-growing Indian market of over 1.4 billion people and gives Australian businesses opportunities for trade diversification. For more information, refer to the outcomes documents and official text of the Australia-India Economic Cooperation and Trade Agreement.
Resumed negotiations for a Comprehensive Economic Cooperation Agreement (CECA) will build upon ECTA outcomes to capitalise on the potential for closer economic ties between Australia and India.