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India Australia Comprehensive Economic Cooperation Agreement

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Learning unit: India - Australia Comprehensive Economic Cooperation Agreement (CECA). Syllabus:

- India Australia Comprehensive Economic Cooperation Agreement (CECA).
- Institutional Framework for Economic Cooperation.
- Australia - India Trade Relationship.
- India - Australia Investment Relationship (FDI).

M Course learning materials: En.

M Educational level: Continuing education / Executive education programs.

Doing Business in India: Free Trade Agreements

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):
India - Australia 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.

M 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

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