Exports to Australia up due to ECTA: Goyal

India and Australia marked the third anniversary of their Economic Cooperation and Trade Agreement (ECTA), which has seen a significant rise in trade between the two nations. The trade deal, which began three years ago, resulted in an 8% growth in Indian exports to Australia, which helped improve the overall trade balance for India. Union Minister of Commerce and Industry Mr Piyush Goyal shared the details on X. He stated that the agreement translated intent into impact over the last three years, delivering sustained export growth, deeper market access and stronger supply chain resilience, benefiting Indian exporters, MSMEs, farmers and workers alike. The trade agreement brought strong gains to many different industries, including manufacturing, chemicals, textiles, plastics and pharmaceuticals, as per a report.

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