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What is Trade Creation

Chapter 13
Strategic Cooperation and Partnerships Between Australia and South Asia: Economic Development, Trade, and Investment Opportunities Post COVID-19
An outcome of a free trade agreement through which trade flow are redirected for the member nations.
Published in Chapter:
New Trade Frontiers Between India and Australia: Challenges and Opportunities Post COVID-19
Risha Khandelwal (JECRC University, India) and Princi Gupta (JECRC University, India)
Copyright: © 2022 |Pages: 21
DOI: 10.4018/978-1-7998-8657-0.ch013
Abstract
The rising geopolitical tensions between China and Australia can develop new trade frontiers between India, Australia, and the South Asian region as a whole. With this view, the chapter aims to study the present state of bilateral trade relations between India-Australia, identify obstacles that hindered the growth of trade relations between India-Australia in the past, understand the impact of comprehensive economic cooperation for free trade agreement between the two countries. The chapter further discusses the challenges that COVID-19 has posed for trade between Australia and China as well as the future opportunities for bilateral trade between India and Australia. The 2020-21 Australia-India Joint Statement on Comprehensive Strategic Partnership and Comprehensive Economic Cooperation agreement is a step forward in a positive direction in meeting many of the UN SDGs. This chapter is essential for understanding the complexities of “trade creation” between (India and Australia) and “trade diversion” between (China and Australia).
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Chapter 6
Integration and Foreign Investment in Latin America
An effect of the formation of an international unrestricted trading zone which results in the redirection of the flow of goods and services to a country that replaces local production.
Published in Chapter: Integration and Foreign Investment in Latin America; From: Handbook of Research on Economic Growth and Technological Change in Latin America
Full Text Chapter Download: US $37.50 Add to Cart
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