A new initiative to establish greater supply-chain resilience in trade and investment between India, Australia and Japan was announced on Tuesday. The arrangement will, in the long term, act as a counterweight to current and proposed trading arrangements in the Asia-Pacific region, senior officials said.
This includes the proposed Regional Comprehensive Economic Partnership pact being discussed by both Australia and Japan. During 2019, the cumulative GDP of the nations was $9.3 trillion while cumulative merchandise goods trade and services trade were $2.7 trillion and $0.9 trillion ...
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