India and Australia have signed the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) on 2 April,2022, which will come into force on 29.12.2022.

Indian exports will benefit from preferential zero duty market access in Australia for 100% of its tariff lines, which will benefit India’s labour-intensive sectors such as gems and jewellery, textiles, leather, footwear, furniture, food, and agricultural products, engineering products, medical devices, and automobiles. On the other hand, India has provided preferential access to Australia on over 70% of its tariff lines, which are primarily raw materials and intermediaries such as coal, mineral ores etc., which are required for our domestic manufacturing industry.  Moreover, Australia has also provided additional market access and mobility facility for Indian professionals including chefs and yoga teachers.

This information has been provided by Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel said in reply to a parliamentary question today.

Preferential market access: India-Australia trade deal grants zero duty access for Indian exports and reciprocal raw material concessions. The India-Australia Economic Cooperation and Trade Agreement will enter into force on 29 December 2022, providing India with zero duty preferential market access in Australia across all tariff lines to benefit labour intensive export sectors, while India grants preferential access to Australia on the majority of Australian tariff lines for raw materials and intermediates; the Agreement also includes mobility provisions expanding temporary access for certain Indian professionals, including chefs and yoga teachers.