The Trans Pacific Partnership (TPP) is the Australian Government’s highest trade policy priority for 2012. The agreement, which is currently being negotiated by ministers from Brunei, Chile, New Zealand, Singapore, Vietnam, Australia, Peru, the USA, and Malaysia, is intended to create a tariff-free Asia-Pacific, which would account for about 55 per cent of global GDP
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On May 12, 2011, Trade Minister Craig Emerson and the Indian Minister for Commerce and Industry Anand Sharma formally launched negotiations for the Australia-India Comprehensive Economic Cooperation Agreement (CECA). The Agreement, once concluded, would reduce tariff barriers on goods and expand the trade in services between India and Australia. India is already Australia’s third largest
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