Archive · 25 Jul 2025
Australia, India Nearer to Expanding Free Trade Agreement
Australia and India are working to make their trade deal even better.
They already have a deal, but it's not perfect.
The new agreement would help them trade more things with each other, making it easier for businesses.
The countries were close to finalizing the deal earlier this year, but the election in Australia slowed things down.
They trade a lot with each other already, and this new deal could make them even closer.
India is also talking to other countries like the UK about trade deals, which might encourage them to speed things up.
Australia and India are likely to finalize an expanded free trade agreement soon.
The initial trade deal (ECTA) was signed in April 2022 and excluded some agricultural exports.
Negotiations were progressing well before Australia's federal election in May.
Bilateral trade reached almost AUD 50 billion (USD 32.9 billion) in 2023.
India's focus may have shifted towards securing tariff exemptions with the US.
- Who
- Australia and India.
- What
- Australia and India are expanding their free trade agreement.
- When
- The expanded agreement is expected to be finalized soon.
- Where
- Negotiations are between Australia and India.
- Why
- To deepen trade and economic integration.
- Initial Trade Deal
- Economic Cooperation and Trade Agreement (ECTA)
- ECTA Date
- April 2022
- 2023 Trade Volume
- AUD 50 billion (USD 32.9 billion)
- Australian Trade Minister
- Don Farrell
- Countries Involved
- Australia, India