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Essay / Research Paper Abstract
This 5 page paper looks at the trade that takes place between India and Asia, considering the trade levels, the increase and influences in trade such as reduction in trade tariffs and considers why India may be an attractive export destination for Australian goods and looks at potential barriers. The last part of the paper considers the viability of exporting beef from Australia to India. The bibliography cites 7 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEausIndia.rtf
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Unformatted sample text from the term paper:
which means that India is Australias 13th largest trading partner (Anonymous, 2006). The trade position has changed over the last 15 years, making exporting from Australia to India much easier.
The change stared in 1991 when the Indian government changed it trade policy and introduced a policy of liberalisation. The reaction of the Australian government was to create the Australian-Indian
Council (AIC), which was established in 1992. The aim of the council is to reduce the cultural barriers between the two nations to increase understanding. The mission statement of the
council states "The Australia-India Council advances Australias interests concerning India by initiating and supporting activities designed to enhance awareness and understanding between the peoples and institutions of Australia and
India." (AIC, 2006). The aim is not directly related to trade but benefits in terms of increasing understanding between the two countries by
raising awareness and increasing the relationship in a number of areas, including science, the media, education, sport and technology and increasing institutional links (AIC, 2006). The strategy appears to have
been working, as a decade go there were 3,000 visitors from India for tourisms and education in 1994 and increased to 30,000 in 2004. This does not increase direct trade
but indicates the increase in indirect trade. Trade has increased and become easier and the relationship is moving more towards a free trade
position, but there are still many barriers with the trade tariffs, however, this is improving. If we look at India prior to 1991 the economy was run in a very
protectionist manner. The International Monetary Fund (IMF) described the management of the economy as "one of the most complicated and protectionist regimes in the world" (Rajan and Sen, 2002). In
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