India-Australia ECTA: 77% utilisation by Indian exporters in 9 months

Utilization of the India-Australia Economic Cooperation and Trade Agreement (ECTA) by Indian exporters has reached 77 percent in the first nine months since the implementation of the interim trade agreement, according to official data.

This means that during the January-September period, of the total value of trade eligible for concessional tariffs under the trade deal, 77 percent of the value of Indian goods are exported through the preferential or ECTA route.

For Indian exporters, sectors that have benefited from the trade deal include iron and steel products, linen, agricultural products and electrical conductors.