Indian Ocean Rim Association for Regional Cooperation (IOR-ARC): Impact on Australia’s Trade
Estimates of the gravity equation explaining trade flows between Australia and other member countries of IOR-ARC indicate that the signal of market-driven economic cooperation within IOR-ARC is strong due to the presence of APEC members. The intra-industry trade analysis between Australia and other IOR-ARC countries further confirms that the market-driven economic cooperation between them is feasible.
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