 India-Australia Economic
Agreement
Syllabus of the Subject: India-Australia Exhaustive Economic Cooperation Agreement
- 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
Sample of the Subject: India-Australia Exhaustive Economic Cooperation Agreement

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,
Comprehensive and Progressive Agreement for Trans-Pacific Partnership...
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