Commerce and Industry Minister Piyush Goyal today said that 100 per cent Australian tariff lines will be zero-duty for Indian exports from 1st of January next year. He said, this will unlock fresh opportunities for labour-intensive sectors.
On the third anniversary of the India-Australia Economic Cooperation and Trade Agreement, Mr Goyal said that the agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience over the past three years.
In a social media post, the Minister highlighted that the agreement is benefiting Indian exporters, MSMEs, farmers, and workers. Mr Goyal said that the country’s exports to Australia grew by eight per cent in 2024-25, improving the country’s trade balance.
The Minister said that strong gains were witnessed across manufacturing, chemicals, textiles, plastics, pharmaceuticals, petroleum products, and the gems and jewellery sector. He emphasised that Gems and Jewellery exports rose 16 per cent between April and November this year. Mr Goyal said that agri-exports also recorded broad-based growth, with sharp increases in fruits and vegetables, marine products, spices, and exceptional growth in coffee.
