Template-Type: ReDIF-Article 1.0
Author-Name: Aman, Arfia
Author-Name-First: Arfia
Author-Name-Last: Aman
Author-Email: A.Nizami@seu.edu.sa
Author-Workplace-Name: Department of Finance, College of Administrative and Financial Sciences, Saudi Electronic University, Riyadh, KSA, Saudi Arabia
Author-Name: Alam, Imran
Author-Name-First: Imran
Author-Name-Last: Alam
Author-Email: imranalam.eco@gmail.com
Author-Workplace-Name: Department of Economics, Magadh University, Bodh Gaya, Bihar, India
Author-Name: Singh, Gopal Ji
Author-Name-First: Gopal Ji
Author-Name-Last: Singh
Author-Email: gopal533@gmail.com
Author-Workplace-Name: Department of Economics, Magadh University, Bodh Gaya, Bihar, India
Author-Name: Ghali, Zohra
Author-Name-First: Zohra
Author-Name-Last: Ghali
Author-Email: Z.ghali@seu.edu.sa
Author-Workplace-Name: College of Business Administration, Saudi Electronic University, Riyadh, KSA, Saudi Arabia, and Higher Institute of Management, Tunis, Tunisia
Author-Name: Fatma, Ramla
Author-Name-First: Ramla
Author-Name-Last: Fatma
Author-Email: ramlafatma11@gmail.com
Author-Workplace-Name: Department of Management, Magadh University, Bodh Gaya, Bihar, India
Author-Name: Khan, Kareena
Author-Name-First: Kareena
Author-Name-Last: Khan
Author-Email: khankareenadpmc96@gmail.com
Author-Workplace-Name: Associate Analyst, EY GDS Gurgaon, Haryana, India
Title: Bridging Markets, Building Alliances: Assessing the India-Australia Economic Cooperation through the Lens of Trade Liberalization and Geoeconomic Strategy
Abstract: India and Australia forged stronger connections, notably in the economic domain, during the period after their independence. The Free Trade Agreement, formally referred to as the Economic Cooperation and Trade Agreement, between India and Australia became operational in December 2022. This article aims to analyses India's trading prospects with Australia. In order to accomplish the goal, a Revealed Comparative Advantage, Trade Intensity Index, and Trade Potential Index have been computed utilizing secondary data obtained from the UNCOMTRADE Database. The findings indicated that both nations had a notable edge in distinct goods. It signifies that there are some goods in which the nation is not engaging in competition with each other. This study examines the potential sectors for commodities where bilateral commerce might be advantageous, making a Free commerce Agreement (FTA) a mutually beneficial arrangement for both countries.
Keywords: India-Australia Bilateral Trade, Trade Potential, Free Trade Agreement, Revealed Comparative Advantage, Trade Intensity Index
Journal: International Journal of Economics and Financial Issues
Pages: 187-195
Volume: 15
Issue: 4
Year: 2025
Month: 06
DOI: 10.32479/ijefi.19025
File-URL: https://econjournals.com/index.php/ijefi/article/download/19025/9013
File-Format: application/pdf
Handle: RePEc:eco:journ1:v:15:y:2025:i:4:id:19025