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Far and Wide | December 2023 (III)

This week’s headline features the story from Australia; The Economic Cooperation and Trade Agreement (ECTA) deal boosts Australia-India trade in 2023. Ambassador Manpreet Vohra, High Commission of India to Australia during his address at the Shipping Australia Christmas lunch announced that the value of trade between the two countries has seen a substantial increase in the past year and has the potential to reach the doubled mark by the end of 2023.
Europe: WHO/Europe and the European Commission have embarked on an ambitious new partnership to strengthen health information systems and boost health data governance and interoperability in the WHO European Region. The €12 million project, funded by the European Commission, will support healthcare services for the nearly 1 billion people living across the 53 countries in the Region.

North America: As per new market research, North America's Artificial Intelligence in Healthcare Market is set to hit USD 114.2 Billion by 2033. This remarkable growth trajectory is supported by a robust compound annual growth rate (CAGR) of 21% anticipated from 2023 to 2033.

South America: Four investment banks announced during a meeting of leaders of the Mercosur trade bloc that they will put $10 billion up for infrastructure works aimed at better connecting South America, including funds for port, airport, road, rail and power transmission projects.

Asia: According to a recent survey by PwC, 51% of Indians believe that Artificial Intelligence (AI) can help improve work efficiency. The survey also highlighted many significant findings such as 62 per cent of Indians believe that the skills required for their jobs will change significantly over the next five years, as compared to 36 per cent globally. 

Australia: According to the High Commissioner of India to Australia, “The Australia-India Economic Cooperation and Trade Agreement” (ECTA), the value of trade between India and Australia has increased significantly over the past year and could potentially have doubled by the end of 2023. 
Africa: The Commonwealth Secretariat and AGRA have signed a Memorandum of Understanding (MoU) to leverage digital innovations to help transform smallholder agriculture across Africa. 

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