India-Australia Trade Deal: 100% Tariffs Gone from Jan 1, 2026, Boosting Exports

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News18•30-12-2025, 07:53
India-Australia Trade Deal: 100% Tariffs Gone from Jan 1, 2026, Boosting Exports
- •Australia will eliminate 100% duties on all Indian products from January 1, 2026, under the ECTA.
- •Union Minister Piyush Goyal stated this opens new opportunities for India's labor-intensive sectors and accelerates exports.
- •The agreement has already boosted sectors like manufacturing, textiles, chemicals, pharmaceuticals, and gems and jewelry.
- •Indian exports to Australia grew 8% in FY 2024-25; gems and jewelry exports saw a 16% increase (Apr-Nov 2025).
- •This deal is crucial for India, especially amidst ongoing trade tensions and tariffs with the US.
Why It Matters: India-Australia ECTA will eliminate all tariffs from Jan 1, 2026, significantly boosting Indian exports.
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