Strategic Cooperation and Partnerships Between Australia and South Asia: Economic Development, Trade, and Investment Opportunities Post COVID-19

Australia has been strengthening its trade relations with other countries, particularly India, in response to the COVID-19 pandemic. 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, it is essential to explore how Australia is working to deepen its relationships with these countries.

Format: Paperback / softback
Length: 320 pages
Publication date: 11 February 2022
Publisher: IGI Global

The COVID-19 pandemic has brought about unprecedented challenges for countries worldwide, leading to widespread lockdowns and restrictions on trade and travel, resulting in devastating economic impacts across all sectors. In its efforts to foster greater economic stability, Australia has been actively strengthening its trade relations with other nations, exemplified by its enhanced strategic partnerships with India. However, it is crucial to examine how Australia is further expanding its collaboration with other South Asian countries to explore new markets and opportunities for trade, investment, tourism, international education, and business dealings.

Strategic Cooperation and Partnerships Between Australia and South Asia: Economic Development, Trade, and Investment Opportunities Post COVID-19 offers a comprehensive analysis of Australia's trade and investment relationship with South Asian countries, highlighting the trends and developments in bilateral trade agreements across strategic sectors such as trade, tourism, investment, education, and more. This publication is designed to serve as a valuable resource for policymakers, practitioners, industry professionals, government officials, academics, researchers, instructors, and students.

International trade has played a significant role in Australia's economic growth and development, with South Asian countries being important trading partners. Australia's exports to South Asia have been growing in recent years, particularly in the areas of minerals, energy, and agricultural products. In contrast, South Asian countries have been major importers of Australian goods, particularly machinery, equipment, and services.

One of the key areas of cooperation between Australia and South Asian countries is in the field of tourism. Both regions have rich cultural heritage and natural attractions, making them popular destinations for tourists. Australia has been promoting tourism in South Asia through various initiatives, such as marketing campaigns and collaboration with travel agents and tour operators. In return, South Asian countries have been attracting more Australian tourists, contributing to the growth of the tourism industry.

Investment is another area where Australia and South Asian countries have been collaborating closely. Australia has been investing in South Asian countries, particularly in the infrastructure, energy, and technology sectors. These investments have helped to improve the infrastructure and technological capabilities of South Asian countries, enabling them to grow their economies and create job opportunities. In return, Australia has gained access to new markets and resources, which has contributed to its economic growth.

Education is another area of cooperation between Australia and South Asian countries. Australia has been offering scholarships and exchange programs to students from South Asian countries, allowing them to study in Australia and gain valuable knowledge and skills. In return, South Asian countries have been sending their students to Australia to pursue higher education, contributing to the development of human capital in both regions.

Prior to the COVID-19 pandemic, Australia and South Asian countries had already established strong diplomatic and economic ties. However, the pandemic has posed new challenges and opportunities for cooperation. One of the challenges is the impact of the pandemic on global trade and investment, which has led to uncertainty and volatility in the markets. Australia and South Asian countries have been working together to mitigate the effects of the pandemic and promote economic recovery.

Another challenge is climate change, which is a significant concern for both Australia and South Asian countries. Australia has been taking steps.

Dimension: 279 x 216 (mm)
ISBN-13: 9781799886587