India-Australia Economic Agreement

EENI- School of International Business

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

1. The Exhaustive Economic Cooperation Agreement between India and Australia
2. The Institutional Framework for Economic Cooperation
3. The Free Trade Agreement (FTA) between India and Australia
4. The Trade Relations between Australia and 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 goods.
4. A Free Trade Agreement (FTA) could facilitate the growth in trade in services by reducing barriers
5. 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. The Foreign trade between Australia and India has grown strongly over recent years, especially since 2002.
2. The Trade between Australia and India reached USD 16 billion, of which the international trade in goods was the largest component, at USD 12.9 billion
3. The 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 markets for the Australian products and service.
5. India is the third largest Australian export market for wool (50% of wool imports of India)
6. The Exported products from India to Australia reached USD 1.45 billion, while services exported to Australia were USD 529 million
7. India exports a range of services to Australia, including information technology, software, and Business Process Outsourcing
8. The Indian foreign direct investment (FDI) in Australia has augmented in recent years
9. Top sector for the 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).