THE India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes four years since its signing on Thursday, marking an important milestone in the evolving economic partnership between India and Australia, stated the Ministry of Commerce & Industry.
Since its signing on 2 April 2022, the Agreement has played a pivotal role in enhancing trade flows, fostering industry linkages, and creating new opportunities for businesses, entrepreneurs, and employment in both countries.
Over the past four years, the Agreement has continued to strengthen bilateral economic engagement, with both sides benefiting from improved market access and reduced trade barriers. India’s exports to Australia have more than doubled, rising from US$4 billion in FY 2020-21 to US$8.5 billion in FY 2024-25.
During 2024-25, total bilateral trade stood at US$24.1 billion, while India’s exports to Australia recorded an eight per cent growth over the previous year. In FY 2025-26 (up to February), India’s total trade with Australia stood at US$19.3 billion. — ANI
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