INTIEAAustralia · Australia-India Economic Cooperation and Trade Agreement (ECTA)PolicyIn force

Australia-India Economic Cooperation and Trade Agreement (ECTA)

The Australia-India Economic Cooperation and Trade Agreement (ECTA) is a bilateral agreement which was signed on April 2, 2022 and entered into force December 29, 2022. The Agreement provides for border tariff elimination for energy sector products such as: critical minerals…

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Country / jurisdiction: Australia · Year: 2022 · Status: In force · Level: International · Type: Voluntary

The Australia-India Economic Cooperation and Trade Agreement (ECTA) is a bilateral agreement which was signed on April 2, 2022 and entered into force December 29, 2022.

The Agreement provides for border tariff elimination for energy sector products such as:

critical minerals (e.g. zirconium, titanium);

metallic ores (manganese, copper, cobalt, nickel, aluminium, tin ores);

titanium oxide;

alumina;

non-ferrous metals (copper alloys);

coal;

LNG, crude petroleum.

Goods are counted as originating from each country if:

wholly produced or obtained in the country (applicable to minerals, raw materials, and waste and scrap materials)

meets specific standards for the good as defined in the Agreement (applicable largely to manufactured goods) which mainly cover changes in HS codes and minimum regional value content (RVC) requirements

Official source: https://commerce.gov.in/international-trade/trade-agreements/ind-aus-ecta/

Source

https://www.iea.org/policies/18721

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