Australia India Comprehensive Economic Cooperation Agreement Negotiations

The India-Australia FTA, officially called the Australia-India Economic Cooperation and Trade Agreement, is the first trade agreement signed by India with a developed economy after more than a decade. The pact is expected to give a big push to bilateral trade as it will not only eliminate or lower tariffs on a large number of goods but also address the non-tariff barriers such as technical barriers to trade, apart from sanitary and phytosanitary restrictions.

Australia has offered 100 percent market access for all goods from India.

India had offered lower duty in over 70 per cent of its Tariff lines.

Benefits to Textile Industry

Encourage exports of Home textiles, Readymade Garments, Carpets & Flooring

Exports of Textiles and Apparels are expected to reach $1,100 million in the next 3 years from Current $392 Million

Employment of 40,000 persons per annum.