The Australian government said that tariffs would be eliminated on more than 85% of Australian exports to India from day one, covering a broad range of products across commodities, agriculture, discretionary and pharmaceuticals.
Likewise, India will be offering zero-duty access across 96% of imports entering Australia.
“This agreement opens a big door into the world’s fastest growing major economy for Australian farmers, manufacturers, producers and so many more,” the Prime Minister said.
This is great news for lobster fishers in Tasmania, wine producers in South Australia, macadamia farmers in Queensland, critical minerals miners in Western Australia, lamb farmers from New South Wales, wool producers from Victoria and metallic ore producers from the Northern Territory."
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