Australia to Scrap All Tariffs on Indian Exports by 2026 Under ECTA

India
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CNBC TV18•29-12-2025, 13:37
Australia to Scrap All Tariffs on Indian Exports by 2026 Under ECTA
- •Australia will eliminate all tariffs on Indian exports from January 2026 under the India–Australia ECTA.
- •This move will bring 100% of Australian tariff lines to zero duty, providing a major boost to Indian exports.
- •Commerce Minister Piyush Goyal stated it opens fresh opportunities for India’s labor-intensive sectors.
- •Sectors like manufacturing, textiles, and gems & jewelry have benefited, with gems & jewelry exports up 16%.
- •India’s exports to Australia grew 8% in FY2024-25, improving India's overall trade balance.
Why It Matters: Australia's tariff elimination on Indian exports from 2026 under ECTA will significantly boost India's trade.
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