June 16, 2023
1 min read

India-Africa trade grew 9.26%

Goyal expressed confidence in achieving the goal of doubling bilateral trade to $200 billion by 2030….reports Asian Lite News

Bilateral trade of India with Africa grew by 9.26 per cent in 2022-23, reaching almost $100 billion, Commerce Minister Piyush Goyal said while addressing the CII-EXIM Bank conclave on “India-Africa Partnership”.

Goyal expressed confidence in achieving the goal of doubling bilateral trade to $200 billion by 2030.

“Blessed with demographic dividend, India-Africa partnership can drive the global progress in this century,” the minister said further.

Goyal said that the exports and imports were approximately balanced with exports being $51.2 billion and imports being $46.65 billion in 2022-23.

The minister said that 27 least developed countries of Africa benefit from the duty-free tariff preference on non-reciprocal basis already and free trade agreements (FTAs), and comprehensive economic partnership agreement (CEPA) can be explored with other African countries as well.

ALSO READ: India-Africa partnership prioritises digital, green, healthcare

Previous Story

India releases commemorative stamp to celebrate SCO Day

Next Story

China not to change stance on Lankan debt restructuring

Latest from -Top News

Pakistan FM Due in Bangladesh

During his visit Dar will hold discussions with the Foreign Affairs Advisor Towhid Hossain and also call on Muhammad Yunus…reports Asian Lite News Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar

Balochistan: Where the State Makes People Disappear

The victims include students, journalists, and peaceful protesters, many of whom were abducted from cities such as Karachi and Islamabad….reports Asian Lite News A human rights organisation on Monday revealed that 785

Monsoon Havoc in Pakistan

Since June 26, torrential rains have killed at least 299 people—including 140 children—and injured 715 in Pakistan…reports Asian Lite News Since June 26, torrential monsoon rains have devastated Pakistan, killing at least

Bangladesh’s Dark Turn

With the Awami League outlawed and absent from the electoral fray, a vacuum has emerged — one that has not necessarily been filled with stability….reports Asian Lite News Bangladesh’s political landscape has
Go toTop

Don't Miss

Modi meets Cambodian King, vows to boost ties

Modi assured King Sihamoni of India’s resolve to strengthen the

India, Maldives seal pact on $100 mn credit line  

Foreign Secretary Kwatra is on a three-day official visit to