Indian Commerce and Industry Minister Piyush Goyal says Indian exports will receive a major boost under the India-Australia Economic Cooperation and Trade Agreement (ECTA) from 1st January 2026. 

The ECTA became effective in December 2022 with the objective to expand trade and investment ties between India and Australia by progressively eliminating tariffs, simplifying market access, and supporting supply chain integration.

Starting in 2026, Australia has scrapped tariffs on all Indian exports. This would open up fresh opportunities for India’s labour-intensive sectors

Goyal said during the past three years, the agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience, benefiting Indian exporters, MSMEs, farmers, and workers alike.

The pact benefits sectors like manufacturing, chemicals, textiles, plastics, pharmaceuticals, petroleum products, and gems and jewelry, according to the minister. This includes a 16% rise in gems and jewelry exports from April to November 2025. India’s exports to Australia grew 8% in fiscal year 2024-25, helping improve India’s overall trade balance with Australia.