What are the main cases of economic cooperation between Australia and India? Elaborate

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Australia and India have witnessed significant economic cooperation in various sectors, contributing to the strengthening of their bilateral relationship. Several key areas of economic cooperation between the two countries can be highlighted:

1. Trade: Trade between Australia and India has been growing steadily. Both countries have sought to enhance bilateral trade relations and reduce trade barriers. In 2020, the total two-way trade between Australia and India reached around AUD 30 billion. Key exports from Australia to India include coal, education services, agricultural products (such as pulses and wool), and minerals (such as gold and copper). On the other hand, India exports items like gems and jewelry, textiles, pharmaceuticals, and information technology services to Australia.

2. Education and Skill Development: Education has been a significant aspect of the economic cooperation between Australia and India. Australia has become a preferred destination for Indian students seeking higher education. Indian students contribute significantly to the Australian education sector, both academically and economically. The education sector plays a vital role in people-to-people exchanges and cultural ties between the two countries. Additionally, Australia has been supporting skill development _____ ___________ _____ _________ ______ ________ _____ _____ ____ ___________ ________ ___________ _____________.
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master of Arts in Political Science
Course Code : MPS
Subject Name : Australia?s Foreign Policy
Subject Code : MPSE 13
Year : 2023 2024