On April 2, 2022, India and Australia signed “The India-Australia Economic Cooperation and Trade Agreement” (IndAus ECTA) which eliminated tariffs on over 85 percent of Australian good exports to India. The Indian and Australian Ministers also expressed their views on the  growing strength of the relationship between the two countries before signing of the agreement. Calling it a “watershed moment for our bilateral relations . . . the Prime Minister said that signing of IndAus ECTA in such a short span of time reflect[ed] the depth of the mutual confidence between the two countries.”