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India-Australia ECTA spurs export growth, enhances supply chains: Goyal
Dec-29-2025

Praising enhanced economic partnership of India and Australia, Union Minister of Commerce and Industry Piyush Goyal has said that the India-Australia Economic Cooperation and Trade Agreement (ECTA) has delivered sustained export growth, deeper market access, and stronger supply-chain resilience, benefiting Indian exporters, MSMEs, farmers, and workers alike.

Commerce Minister noted that the trade deal, which started three years ago, led to an 8 per cent growth in Indian exports to Australia during the 2024-25 financial year, helping improve the overall trade balance for India. The ECTA was signed on April 2, 2022, ratified on November 21, written notifications were exchanged on November 29 and after 30 days, the Agreement has come into force i.e. on December 29, 2022.

Goyal also listed different industries which are benefitted from this trade agreement such as manufacturing, chemicals, textiles, plastics, and pharmaceuticals. Apart from this, petroleum products and the gems and jewellery sector also saw a rise in business, with exports of gems and jewellery increasing by 16 per cent between April and November 2025.

Minister further said that as Comprehensive Economic Cooperation Agreement (CECA) negotiations advance, Ind-Aus ECTA continues to anchor India's economic engagement in the Indo-Pacific, aligned with Make in India and the vision of Viksit Bharat 2047. Together, India and Australia are building a future of shared prosperity and trusted trade.

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