Course summary India - Australia Comprehensive Economic Cooperation
Agreement (CECA):
India - Australia Comprehensive Economic Cooperation Agreement (CECA) -
Proposed / Under consultation and study
In April 2008, a Joint Study Group (JSG) was constituted to examine the
feasibility for establishing a Free Trade Agreement (FTA) between India
and Australia. A comprehensive agreement would assist in broadening the base of
merchandise trade by addressing tariff barriers and behind the border
restrictions on trade in goods. An FTA could facilitate growth in
services trade by reducing barriers faced by Australian service suppliers
and by increasing regulatory transparency.
The welfare gains for both the countries could be in the range of 0.15 and
1.14 per cent of Gross Domestic Product (GDP) for India and 0.23 and 1.17 per
cent of GDP for Australia. An Australia-India FTA could result in a modest
positive impact on total global economic output.
Example of the course India - Australia Comprehensive Economic
Cooperation Agreement (CECA):
Trade between Australia and India has grown strongly over recent
decades, with a particularly sharp upswing since 2002. Two-way trade between
Australia and India in 2008–09 reached US$16 billion, of which goods trade was
the largest component, at US$12.9 billion. Two-way services trade has
risen markedly off a low base and amounted to US$3.1 billion in 2008–09.
India is one of the fastest growing of all Australia's major markets for both
goods and services, with exports growing at an annual
average rate of 25 per cent during the five years to 2008–09.
India is Australia's third largest export market for wool with exports of
US$98 million in 2008–09 representing around 50 per cent of India's wool
imports.
In 2008, India's goods exports to Australia reached US$1.45 billion,
while its services exports to Australia were almost US$529 million. India
exports a range of services to Australia, including ITeS, software and BPO
Australia's dominant services export to India in 2008–09 was education
related travel services (US$2.1 billion), a reflection of the number of Indian
students studying in Australia.
Indian investment in Australia has increased in recent years. There are
now a number of high-profile Indian investments in Australia across the
resources, hospitality, manufacturing, software, banking and telecommunications
sectors.
Related International Trade Courses and Masters: - Master Business in Asia - Master in Emerging Markets
- Master International Business for Australian
students - Master International Business for Indian students
Negocios en India
EENI In Hindi: मास्टर विदेश पार
EENI International Business
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