India-Australia Economic Agreement

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

1. Introduction to the Exhaustive Economic Cooperation Agreement between India and Australia
2. Institutional Framework for Economic Cooperation
3. Free Trade Agreement (FTA) between India and Australia
4. Trade Relations between Australia and India

Sample: India-Australia Exhaustive Economic Cooperation Agreement

Description: India-Australia Economic Cooperation Agreement.

Status of the India-Australia Exhaustive Economic Cooperation Agreement - Proposed/Under consultation and study

1. In 2008, a Joint Study Group was created to examine the possibilities for establishing a Free Trade Agreement (FTA) between India and Australia
2. 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.
3. A Free Trade Agreement (FTA) could facilitate the trade in services growth by reducing the Technical Barriers to Trade (TBT)
4. 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.

1. Foreign trade between Australia and India has grown strongly over recent years
2. 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. 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 services.
5. India is the third largest Australian export market for wool (50% of wool imports of India)
6. 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 the information technology, software, and Business Process Outsourcing
8. Indian foreign direct investment (FDI) in Australia has augmented in the 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 Hindu Economic Area and Oceania (Western-Christian Civilisation).

1. 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...
2. 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...