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 (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
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