Economy, Banking and Finance · 30 December 2025

Ministry of Commerce and Industry (MCI) secures 100% duty-free access for Indian exports to Australia

Exam-focused facts from the 30 December 2025 current affairs briefing.

Key facts

  • Australia will provide duty-free access to 100% of its tariff lines for Indian exports starting Jan 1, 2026, under the India-Australia Economic Cooperation and Trade Agreement (ECTA).
  • India's exports to Australia grew by 8% in 2024-25, with significant gains in manufacturing, chemicals, textiles, plastics, pharmaceuticals, and petroleum products.
  • Gems and jewellery exports to Australia recorded a growth of 16% during the April-Nov 2025 period.
  • Agri-exports witnessed broad-based growth in categories including fruits, vegetables, marine products, spices, and coffee.
  • The ECTA, which came into force on Dec 29, 2022, serves as the foundation for ongoing negotiations for a Comprehensive Economic Cooperation Agreement (CECA).