Last Updated on April 2, 2026 3:13 pm by INDIAN AWAAZ
A R DAS
India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has completed four years today. Since its signing on 2 April 2022, the Agreement has played a pivotal role in enhancing trade flows, fostering industry linkages, and creating new opportunities for businesses, entrepreneurs, and employment in both countries.
India-Australia Trade reached 24.1 billion US dollars in 2024-25, while India’s exports to Australia recorded an 8% growth over the previous year. The Ministry of Commerce and Industry said that in the financial year 2025-26, up to February, India’s total trade with Australia stood at 19.3 billion US dollars.
Under the ECTA, Australia granted 100% tariff Line Access to India. All Indian exports have also been made eligible for zero-duty market access into Australia with effect from the 1st of this year. Meanwhile, India has granted preferential market access on around 70% of its tariff lines, covering around 90% of trade value. The Ministry added that over the past four years, the agreement has continued to strengthen bilateral economic engagement, with both sides benefiting from improved market access and reduced trade barriers.