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Challenges and Opportunities for Australian Businesses in GCC

In: Prospects and Challenges of Free Trade Agreements: Unlocking Business Opportunities in Gulf Cooperation Council (GCC) Markets

Author

Listed:
  • Doren Chadee

    (Deakin University)

  • Banjo Roxas

    (Deakin University)

  • Tim Rogmans

    (Zayed University)

Abstract

This chapter reports the results of a survey of Australian businesses currently doing business in the Gulf Cooperation Council (GCC). The main purpose of the survey was to gain a better understanding of the challenges which Australian businesses face when engaged in international business activities such as exporting, importing and investing in GCC countries. The research assesses how the removal of internal and external trade barriers would likely benefit businesses. The findings suggest that the main benefits are likely to accrue to export businesses while the effects on import and investment are likely to be minimal. Export revenues are likely to increase by an estimated 20% under the scenario where there is a free trade agreement (FTA) between Australia and GCC.

Suggested Citation

  • Doren Chadee & Banjo Roxas & Tim Rogmans, 2015. "Challenges and Opportunities for Australian Businesses in GCC," Palgrave Macmillan Books, in: Prospects and Challenges of Free Trade Agreements: Unlocking Business Opportunities in Gulf Cooperation Council (GCC) Markets, chapter 5, pages 68-92, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47988-4_5
    DOI: 10.1057/9781137479884_5
    as

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