Xtending Action: Central West Export to India

Group Information
Group Title:	Xtending Action: Central West Export to India
Group Description:	AIBC’s Vision is to be an active voice, involved in policy and advocacy roles to promote and enhance the bilateral Australia-India business and trade relationship as well as provide education and information about Australia-India trade-related opportunities. AIBC will maintain a close working relationship with its stakeholders including Government of India, Government of Australia and Industry. AIBC’s National Industry Chapters will further assist in addressing specific bilateral industry issues AIBC members will be engaged in bilateral trade initiatives, and will actively contribute to AIBC’s vision of strengthening this bilateral relationship. Australia India Free Trade Agreement Australian businesses and consumers can now take advantage of new trade opportunities offered by the Australia-India Economic Cooperation and Trade Agreement (ECTA), which entered into force on 29 December 2022. Over 85 per cent of Australian goods exports by value to India are now tariff free, rising to 90 per cent in six years, and high tariffs have been reduced on some additional products. In addition, 96 per cent of imports from India are now tariff free, rising to 100 per cent in four years. The agreement helps secure access to the fast-growing Indian market of over 1.4 billion people and gives Australian businesses opportunities for trade diversification.