Trade Agreements Between India And Australia

Contains general information, updated economic indicators, Australia`s trade and investment relations with India and their global trade relations, which are updated twice a year. Australia and India are on the road to concluding the Comprehensive Economic Cooperation Agreement (ECSC), which is expected to provide a significant boost to investment in both sides and further strengthen bilateral economic relations. Independent models made in 2008 showed that an ECSC between Australia and India could result in a net increase in Australian GDP of $32 billion and India`s GDP of $34 billion over 20 years. The study concluded that resources, agriculture, manufacturing, financial services, software, telecommunications and education are likely to benefit the most from a trade agreement between India and Australia. Since the end of the study, these possibilities have become even clearer and greater. April 20, 2017: During a recent visit to India, Prime Minister Turnbull confirmed that negotiations with India for a bilateral free trade agreement have stalled and could last for years. Talks stopped at the end of 2016, with priority given to the regional RCEP agreement. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. It has been more than eight years since Australia and India began negotiations for a free trade agreement known as the Australia-India Comprehensive Economic Cooperation Agreement. There have been nine rounds of negotiations, but the two countries have not yet reached an agreement with which New Delhi and Canberra are comfortable. The momentum towards an agreement seems to have eased. Although Australia continues to see the agreement as a priority, India appears less zealous, with no apparent sign that it is currently trying to resume negotiations. (The diplomat asked the Australian Department of Foreign Affairs and Trade about the current state of the negotiations, but did not receive a response at the time of publication).

List of agreements between two states, two blocs or one bloc and one state.