• The announcement coincided with the third anniversary of the India-Australia Economic Cooperation and Trade Agreement (ECTA), which took effect on 29 December 2022.

• What? Announcement of zero-duty on 100% Australian tariff lines for Indian exports
• Announced by: Union Minister Piyush Goyal, MoC&I
• Effective From: January 01, 2026
• Occasion: 3rd anniversary of India-Australia ECTA
• Objective: Boost bilateral trade, enhance market access

About India-Australia Trade:
Objective: The initiative seeks to strengthen bilateral trade, improve market access for Australian goods in India, and bolster the India–Australia Comprehensive Strategic Partnership.
Increase in India’s Exports: India’s exports to Australia witnessed a growth of 8% in last financial year i.e. Financial Year 2024-25 (FY25), enhancing India’s overall trade balance with the country.
Sectors Benefitted:The robust growth can be witnessed across various sectors like: manufacturing, chemicals, textiles, pharmaceuticals, petroleum products, and gems and jewellery.

• Also, agri-exports registered  broad-based growth, driven by sharp increase in fruits, vegetables, marine products, spices and coffee.