It helps matters that Australia exports largely raw materials to India, while India exports finished goods.

“The Department of Commerce has achieved the unique distinction of operationalizing two Trade Agreements this year – India UAE FTA and Ind – Aus ECTA. The coming into force of Ind – Aus ECTA brings together two major economies of the world – India the 5th largest economy and Australia the 14th largest economy. Since the trade between the two countries is hugely complementary, this offers opportunities on both sides and will pave the way for a win-win solution for both India and Australia.”

Rajesh Agrawal, Additional Secretary, Department of Commerce and Industry.

Current trade trends between India and Australia

India’s imports from Australia are primarily (96%) raw materials & intermediate goods. On the other hand, India’s exports to Australia are broad-based and dominated by finished products (consumer goods).

The #IndAusECTA covers the following major areas:

1. Trade in Goods
2. Trade in Services
3. Rules of Origin
4. Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) measures
5. Customs Procedures and Trade Facilitation
6. Trade Remedies
7. Legal and Institutional Issues
8. Movement of Natural Persons

Governments of both India and Australia have worked together to achieve this milestone and are optimistic about its consequences not only for the trade between the two countries but also for further strengthening the bilateral relations.