India-Australia Economic Agreement

EENI- School of International Business

Sub-subject: India-Australia Exhaustive Economic Cooperation Agreement. Syllabus:

1. Exhaustive Economic Cooperation Agreement between India and Australia
2. Institutional Framework for Economic Cooperation
3. Free Trade Agreement (FTA) between India and Australia
4. Trade Relations Australia-India

Sample of the sub-subject: India-Australia Exhaustive Economic Cooperation Agreement:

Description of the Sub-Subject: India-Australia Economic Cooperation Agreement.

1. Status of the India-Australia Exhaustive Economic Cooperation Agreement - Proposed/Under consultation and study
2. In 2008, a Joint Study Group was created to examine the possibilities for establishing a Free Trade Agreement (FTA) between India and Australia
3. An exhaustive agreement would assist in broadening the base of bilateral trade of products by addressing tariff barriers and behind the border restrictions on international trade in products. A Free Trade Agreement (FTA) could facilitate growth in services trade by reducing barriers
4. The welfare gains for India and Australia could be between 0.15 and 1.14% of GDP for India and 0.23 and 1.17% of the gross domestic product for Australia

International Trade India-Australia.

1. Foreign trade between Australia and India has grown strongly over recent years, especially since 2002.
2. Trade between Australia and India reached USD 16 billion, of which international trade of products was the biggest component, at USD 12.9 billion
3. Bilateral trade in services has risen markedly off a low base and amounted to USD 3.1 billion
4. India is one of the fastest growing  all the key markets for products and services of Australia, with exports growing at an average annual rate of 25%.
5. India is the third largest export market of Australia for wool with exports of USD 98 million (50% of wool imports of India)
6. Exported products from India to Australia reached USD 1.45 billion, while its services exports to Australia were USD 529 million
7. India exports a range of services to Australia, including information technology, software, and Business Process Outsourcing
8. Top services export of Guatemala to India was education and travel services (USD 2.1 billion)
9. The Indian foreign direct investment (FDI) in Australia has augmented in recent years
10. Top sector for foreign direct investment is hospitality, manufacturing, software, banking, and telecommunications sectors

The India-Australia Free Trade Agreement (FTA) is an inter-civilisation agreement between the economic area of the Hindu Civilisation and Oceania (Western Christian Civilisation).

India Free Trade Agreements (FTA).