Archive · 30 Dec 2025
India Strengthens Trade Ties with Australia and Oman
India has been making strong trade deals with other countries.
In the last year, India sent 8% more goods to Australia, making $8.58 billion.
Australia has been lowering taxes on many Indian products, and by next year, all taxes on Indian goods will be gone.
This helps businesses in both countries.
India also signed a big trade deal with Oman, where Oman will not charge taxes on almost all Indian products.
India will also lower taxes on many products from Oman, but will protect some important sectors like dairy and jewellery.
This deal will help many workers in India, especially in areas like textiles and medicines.
Overall, these trade deals are helping India grow and work better with other countries.
India's exports to Australia grew by 8% in FY25, reaching $8.58 billion.
Australia has eliminated import tariffs on 98.3% of tariff lines for Indian exports, with the remaining 1.7% to be eliminated by January 1, 2026.
Sectors with strong gains include manufacturing, chemicals, textiles, plastics, pharmaceuticals, petroleum products, and gems & jewellery.
India signed a Comprehensive Economic Partnership Agreement (CEPA) with Oman on 18 December, offering zero-duty access on over 98% of Oman's tariff lines.
India liberalized nearly 78% of its tariff lines under the Oman CEPA, protecting sensitive sectors like dairy, tea, coffee, rubber, and jewellery.
- Who
- India and Australia, India and Oman
- What
- India's exports to Australia grew by 8% in FY25, and India signed a Comprehensive Economic Partnership Agreement (CEPA) with Oman
- When
- Fiscal Year 2025 (April 2024 - March 2025) and 18 December (Oman CEPA signing)
- Where
- India, Australia, and Oman
- Why
- Due to the India-Australia Economic Cooperation and Trade Agreement (ECTA) and the Oman CEPA, which provide deeper market access and tariff reductions
- India's exports to Australia in FY25
- $8.58 billion
- Growth rate in FY25
- 8% year-on-year
- Australia's tariff elimination on India's exports
- 98.3% of tariff lines
- Remaining tariff elimination date
- January 1, 2026
- India's imports from Australia in FY25
- $15.52 billion
- India's overall goods exports in FY25
- $437.7 billion
- Gems & Jewellery export growth in April–November 2025
- 16%
- Sectors with strong gains
- Manufacturing, chemicals, textiles, plastics, pharmaceuticals, petroleum products, gems & jewellery
- Oman CEPA zero-duty access
- Over 98% of Oman's tariff lines
- India's liberalized tariff lines under Oman CEPA
- Nearly 78%
- Sensitive sectors protected under Oman CEPA
- Dairy, tea, coffee, rubber, and jewellery
- Labour-intensive sectors benefiting from Oman CEPA
- Textiles, leather, pharmaceuticals, medical devices, and automobiles
Sources
India’s exports to Australia grew 8% in FY 25 with strong gains across sectors: Goyal
India’s strategic balancing act: Navigating US tariffs and strengthening global standing in 2025
ECTA 3rd Anniv: Trade Between India, Australia Increases
India-Australia Pact Ignites Export Boom, 100% Duty-Free Access Unleashes Opportunities For Labour-Intensive Sectors
India Set To End 2025 On Strong Economic Footing with High Growth, Low Inflation: Centre
India Set To Become $26 Trillion Economy By 2047-48, Per Capita Income To Hit $15,000: EY Report
India set to end 2025 on strong economic footing with high growth, low inflation: Govt
How India balanced tariffs and trade deals in a defining year
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