India-Australia: Strengthening Supply Chains in a Disrupted World
“The Australia-India Economic Cooperation and Trade Agreement (ECTA) has further facilitated the tariff-free movement of goods between the two nations. Since its implementation, bilateral trade has doubled, with the emergence of new export categories such as gold-studded diamonds and turbojets. This diversification has insulated supply chains from macroeconomic shocks, ensuring sustained growth. Building on this momentum, negotiations for the India-Australia Comprehensive Economic Cooperation Agreement (CECA) are also underway, promising further trade liberalisation and sectoral expansion. It seeks to reduce reliance on single-source energy suppliers in the energy sector. The progressing India-Australia Critical Minerals Investment Partnership aims to secure and diversify mineral supply chains, decrease dependence on China, and mitigate risks of market dumping and economic coercion.”