Australia-India Comprehensive Economic Cooperation Agreement

About the Australia-India Comprehensive Economic Cooperation Agreement negotiations

Recent years have seen remarkable growth in the trading relationship between India and Australia, fuelled by the many complementarities between the two economies. Two-way trade in goods and services has grown in value from $13.6 billion in 2007 to $27.5 billion in 2017.

India is the world's largest democracy and is a market of 1.3 billion people. Its youthful population, diversified economy and growth trajectory present significant opportunity for Australian business, including in education, agriculture, energy, resources, tourism, healthcare, financial services, infrastructure, science and innovation, and sport.

Australia and India launched negotiations for a Comprehensive Economic Cooperation Agreement in May 2011. There have been nine rounds of negotiations, the most recent of which was held in September 2015.

The Australian Government is putting its weight behind enhancing economic ties with India. On 22 November 2018, the Government formally endorsed the independent India Economic Strategy and its ambitious vision for bilateral trade and investment by 2035.


Last Updated: 15 May 2019

India market snapshot

  • GDP: US$2.61 trillion (2017)
  • GDP per capita: US$1,983 (2017)
  • GDP growth: 6.7 per cent (2017)
  • Population: 1.32 billion (2017)
  • Trade with Australia: A$27.5 billion (2017)

Contact us

Email: indiafta@dfat.gov.au

Mail:

Regional Trade Agreements Division
Department of Foreign Affairs and Trade
RG Casey Building
John McEwen Crescent
BARTON ACT 0221

For media enquiries, please call DFAT's Media Liaison Section: (02) 6261 1555.