India-Australia partnership gains momentum with US$ 33.93 billion trade and advancing CECA negotiations
- IBEF
- July 9, 2026
Prime Minister Mr. Narendra Modi will undertake a three-day official visit to Australia from July 8-10, 2026, aimed at strengthening the India-Australia Comprehensive Strategic Partnership and advancing cooperation across trade, investment, critical minerals, technology, education and people-to-people ties. The visit comes as bilateral economic engagement continues to deepen, supported by landmark trade agreements and regular high-level interactions. A major milestone was the signing of the India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) in April 2022, which came into force on December 29, 2022, providing a significant boost to bilateral trade and investment. Negotiations on the Comprehensive Economic Cooperation Agreement (CECA) are also progressing, with eleven rounds completed to further enhance market access and economic integration. India and Australia's bilateral trade in goods and services currently stands at Rs. 3,23,082 crore (US$ 33.93 billion), with India ranking as Australia's sixth-largest trading partner. India's exports to Australia are valued at Rs. 90,516 crore (US$ 9.51 billion), while imports stand at Rs. 2,32,566 crore (US$ 24.42 billion).
Institutional and business engagement has also gathered momentum through the India-Australia Joint Ministerial Commission, the revitalised India-Australia CEOs Forum and Australia's participation as the Partner Country at the Vibrant Gujarat Global Summit 2024. In February 2025, Australia further reinforced its long-term commitment by launching A New Roadmap for Australia's Economic Engagement with India, creating new opportunities for trade, investment and strategic collaboration. India's key exports to Australia include refined petroleum products, pharmaceuticals, pearls and precious stones, jewellery and textile products, while Australia supplies coal, copper ores, natural gas, scrap metals and education-related services. The expanding partnership is expected to strengthen resilient supply chains, promote investment, enhance collaboration in critical and emerging sectors and further reinforce economic cooperation under the Comprehensive Strategic Partnership, supporting sustainable growth and greater regional connectivity across the Indo-Pacific.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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