India-Australia Economic Agreement
Syllabus of the Subject: India-Australia Exhaustive Economic Cooperation Agreement (Course).
- Introduction to the Exhaustive Economic Cooperation Agreement between India and Australia
- Institutional Framework for Economic Cooperation
- Free Trade Agreement (FTA) between India and Australia
- Trade Relations between Australia and India
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Masters and Doctorates in International Business adapted to the Australian Students
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Description of the Subject: India-Australia Economic Cooperation Agreement.
Status of the India-Australia Exhaustive Economic Cooperation Agreement - Proposed/Under consultation and study
- In 2008, a Joint Study Group was created to examine the possibilities for establishing a Free Trade Agreement (FTA) between India and Australia
- An exhaustive agreement would assist in broadening the base of the bilateral trade of products by addressing tariff barriers and behind border restrictions on the International trade in goods.
- A Free Trade Agreement (FTA) could facilitate the trade in services growth by reducing the Technical Barriers to Trade (TBT)
- The welfare gains for India and Australia could be between 0.15 and 1.14% of the GDP for India and 0.23 and 1.17% of the gross domestic product for Australia
International Trade India-Australia.
- Foreign trade between Australia and India has grown strongly over recent years
- 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
- Bilateral trade in services has risen markedly off a low base and amounted to USD 3.1 billion
- India is one of the fastest growing markets for the Australian products and services.
- India is the third largest Australian export market for wool (50% of wool imports of India)
- Exported products from India to Australia reached USD 1.45 billion, while services exported to Australia were USD 529 million
- India exports a range of services to Australia, including the information technology, software, and Business Process Outsourcing
- Indian foreign direct investment (FDI) in Australia has augmented in the recent years
- 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 Hindu Economic Area and Oceania (Western-Christian Civilisation).
- Indian Free Trade Agreements: Sri Lanka, Thailand, Indonesia, Singapore, ASEAN, South Korea, European Union, New Zealand, Africa-India, Mauritius, Canada, Gulf Cooperation Council, SACU, SAARC, BIMSTEC, APTA, ACU, EFTA, Chile, MERCOSUR, Andean Community...
- Australian Free Trade Agreements (FTA): APEC, New Zealand, United States, Chile, Singapore, ASEAN, Gulf Cooperation Council, Indian-Ocean Rim Association, Trans-Pacific Economic Partnership Agreement...
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