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Due to the Covid-19 global pandemic, Australia and South Asian
Countries have experienced significant disruption in international
trade, investment, travel for business and higher education,
tourism, and supply chains. It is important to reflect and address
some of the key issues and challenges faced by Australia in this
sector and analyze potential recovery strategies for the future.
Inevitably, in the coming decade, Australia will need to pursue its
interests in a more competitive and contested world. This pandemic
has witnessed an intensified trade war of Australia with its
strongest bilateral trade partner China, threatening an increasing
number of industries in Australia such as agribusiness, forestry,
and mining. A nearsighted solution to this problem does not seem
feasible, given the recent diplomatic fallout between the two
nations. Australia thereby needs an alternative strategic bilateral
coalition to combat this situation and progress towards a
sustainable economic goal. Based on the above scenario, the core
objective of this book is to suggest and explore that South-Asian
nations could be the prominent focal point for Australia to move
forward, as it is a large market with population nearing two
billion. This book will provide an overview of the Australian trade
and investment relationship with South Asian Countries, identify
trends and developments of the bilateral trade relationship of
Australia with South Asian countries (in strategic areas of trade,
travel, investment, and education), and will shed light on the
future opportunities for development and partnerships for economic
growth, trade in goods and services and tourism between Australia
and South Asia. It will also display how Australia can play a
leading role amongst the SAARC countries (Afghanistan, Bhutan,
Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) to
cooperate for their individual national economic development and
growth objectives and be best prepared to meet the United Nations
Sustainable Development Goals (SDGs) for the future.
Owing to a strong cultural and historical bond, India and Southeast
Asia have progressed rapidly. Though there are political and
ideological differences between these two entities, it may not
hamper the strong bond as there are many common shared values among
these nations. The history of these nations identifies that the
cooperation between them in terms of trade and commerce is not
upheld per the given potential of these nations. In the past, the
Indian economy was linked with Southeast Asian countries under the
""Look East"" policy, which has been re-energized again under the
present government. Now, the ""Look East"" policy is practically
more vibrant than ever before with the motto ""Act East."" This
policy facilitates these countries in emphasizing the importance of
better regional connectivity for tourism as well as robust trade
and commerce. It leads to a phenomenal growth in terms of imports
and exports for these countries. Evaluating Trade and Economic
Relations Between India and Southeast Asia sheds light on the trade
and economic linkages between India and Southeast Asia and their
impact on the nations in the past, present, and for the future. The
chapters study whether the win-win strategy works for the
strengthening of these countries in terms of both trade relations
and political integrity, as well as in facing common enemies across
international boundaries. Some of the topics covered include food
security, tourism opportunities, trade blocs, trade relations, and
economic relations between countries. This book is a valuable
reference tool for economists, government officials, policymakers,
trade analysts, practitioners, researchers, academicians, and
students interested in the policies and relations between India and
Southeast Asia that affect trade and the economy.
Owing to a strong cultural and historical bond, India and Southeast
Asia have progressed rapidly. Though there are political and
ideological differences between these two entities, it may not
hamper the strong bond as there are many common shared values among
these nations. The history of these nations identifies that the
cooperation between them in terms of trade and commerce is not
upheld per the given potential of these nations. In the past, the
Indian economy was linked with Southeast Asian countries under the
""Look East"" policy, which has been re-energized again under the
present government. Now, the ""Look East"" policy is practically
more vibrant than ever before with the motto ""Act East."" This
policy facilitates these countries in emphasizing the importance of
better regional connectivity for tourism as well as robust trade
and commerce. It leads to a phenomenal growth in terms of imports
and exports for these countries. Evaluating Trade and Economic
Relations Between India and Southeast Asia sheds light on the trade
and economic linkages between India and Southeast Asia and their
impact on the nations in the past, present, and for the future. The
chapters study whether the win-win strategy works for the
strengthening of these countries in terms of both trade relations
and political integrity, as well as in facing common enemies across
international boundaries. Some of the topics covered include food
security, tourism opportunities, trade blocs, trade relations, and
economic relations between countries. This book is a valuable
reference tool for economists, government officials, policymakers,
trade analysts, practitioners, researchers, academicians, and
students interested in the policies and relations between India and
Southeast Asia that affect trade and the economy.
The COVID-19 pandemic has forced countries around the globe into
lockdown, imposing trade and travel restrictions with devastating
economic impacts on all sectors of the economy. In working toward
greater economic stability, Australia has been strengthening its
trade relations with other countries, which is reflected through
its increased strategic relations with India. However, it is now
essential to explore how Australia is working to further expand its
collaboration with other South Asian countries and find new markets
and opportunities for trade, investment, tourism, international
education, and business dealings for its resources, services,
manufacturing, and technology sectors. Strategic Cooperation and
Partnerships Between Australia and South Asia: Economic
Development, Trade, and Investment Opportunities Post COVID-19
provides an overview of the Australian trade and investment
relationship with South Asian countries and identifies the trends
and developments of bilateral trade agreements in strategic areas
of trade, tourism, investment, education, prior and post COVID-19.
Covering topics such as international trade, climate change policy,
and macroeconomics, it is ideal for policymakers, practitioners,
industry professionals, government officials, academicians,
researchers, instructors, and students.
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