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Bridging Markets, Building Alliances: Assessing the India-Australia Economic Cooperation through the Lens of Trade Liberalization and Geoeconomic Strategy

Author

Listed:
  • Aman, Arfia

    (Department of Finance, College of Administrative and Financial Sciences, Saudi Electronic University, Riyadh, KSA, Saudi Arabia)

  • Alam, Imran

    (Department of Economics, Magadh University, Bodh Gaya, Bihar, India)

  • Singh, Gopal Ji

    (Department of Economics, Magadh University, Bodh Gaya, Bihar, India)

  • Ghali, Zohra

    (College of Business Administration, Saudi Electronic University, Riyadh, KSA, Saudi Arabia, and Higher Institute of Management, Tunis, Tunisia)

  • Fatma, Ramla

    (Department of Management, Magadh University, Bodh Gaya, Bihar, India)

  • Khan, Kareena

    (Associate Analyst, EY GDS Gurgaon, Haryana, India)

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.

Suggested Citation

  • Aman, Arfia & Alam, Imran & Singh, Gopal Ji & Ghali, Zohra & Fatma, Ramla & Khan, Kareena, 2025. "Bridging Markets, Building Alliances: Assessing the India-Australia Economic Cooperation through the Lens of Trade Liberalization and Geoeconomic Strategy," International Journal of Economics and Financial Issues, Econjournals, vol. 15(4), pages 187-195, June.
    • Handle: RePEc:eco:journ1:v:15:y:2025:i:4:id:19025
    DOI: 10.32479/ijefi.19025
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