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

Australia and South Asian Countries have experienced significant disruption in international trade, investment, travel, business, and higher education due to the Covid-19 global pandemic. Australia needs to pursue its interests in a more competitive and contested world, and South-Asian nations could be the prominent focal point for Australia to move forward. This book will provide an overview of the Australian trade and investment relationship with South Asian Countries, identify trends and developments, and shed light on the future opportunities for development and partnerships for economic growth, trade in goods and services, and tourism.

Format: Hardback
Length: 320 pages
Publication date: 11 February 2022
Publisher: IGI Global

Due to the far-reaching effects of the Covid-19 global pandemic, Australia and South Asian Countries have faced significant disruptions in international trade, investment, travel for business and higher education, tourism, and supply chains. It is crucial to reflect on and address the key issues and challenges that Australia has encountered in this sector, and to analyze potential recovery strategies for the future. In the coming decade, Australia will need to navigate a more competitive and complex global landscape. The pandemic has witnessed an intensified trade war between Australia and its strongest bilateral trade partner, China, which has threatened a wide range of industries in Australia, including agribusiness, forestry, and mining. A short-sighted solution to this problem does not seem feasible, given the recent diplomatic fallout between the two nations. Therefore, Australia must seek alternative strategic bilateral coalitions to address this situation and work towards achieving sustainable economic goals.

The core objective of this book is to propose and explore that South-Asian nations could be a prominent focal point for Australia to move forward. With a population nearing two billion, South Asia represents a vast market with immense potential for trade and investment. This book will provide an overview of the Australian trade and investment relationship with South Asian Countries, identify trends and developments in the bilateral trade relationship between Australia and South Asian countries (in strategic areas such as trade, travel, investment, and education), and 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.

Furthermore, this book will showcase how Australia can play a leading role amongst the SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka). The SAARC region is a significant economic and political entity, and Australia's engagement with it can contribute to regional stability, economic development, and cultural exchange. By building stronger relationships with South Asian Countries, Australia can expand its trade and investment horizons, foster cultural understanding, and promote peace and cooperation in the region.

In conclusion, the Covid-19 pandemic has posed significant challenges for Australia and South Asian Countries in the field of international trade, investment, travel, and tourism. However, by reflecting on the issues and challenges faced, analyzing potential recovery strategies, and seeking alternative strategic bilateral coalitions, Australia can position itself for a prosperous future in a competitive and complex global landscape. South-Asian nations offer immense opportunities for trade and investment, and Australia's engagement with them can contribute to regional stability, economic development, and cultural exchange. By building stronger relationships with South Asian Countries, Australia can expand its trade and investment horizons, foster cultural understanding, and promote peace and cooperation in the region.

Weight: 1278g
Dimension: 223 x 291 x 32 (mm)
ISBN-13: 9781799886570