African Trade Ministers and the Minister of Commerce and Industry of India met in Johannesburg, South Africa for a two day meeting (September 30 - October 1), to discuss strengthening the trade and investment relationship between Africa and India.
The meeting discussed ways to eradicate poverty, as well as to promote sustainable economic growth and development through improved trade and investment flows.
Following the Banjul formula, the African side was represented by the current Chair of the African Union, Ethiopia; the previous Chair, Benin; the Chairperson of the African Union Commission; founding members of the New Partnership for Africa's Development (NEPAD), Algeria, Egypt, Nigeria, Senegal and South Africa; and representatives of the Regional Economic Communities (RECs).
Speaking at the opening of the meeting, AU Commissioner, Dr. Dlamini Zuma appreciated Indian investments in Africa particularly in infrastructure, mining and energy sectors.
This, she said, helped significant value addition and skills development paving the way for poverty eradication and sustainable development.
She emphasized the importance of greater diversification of Indian investments with more stress on joint ventures and participation of women.
South African Trade and Industry Minister, Dr. Rob Davies, urged India to help Africa industrialize and move away from dependence upon export of raw materials.
The meeting also deliberated on issues of food security, trade and infrastructure as well as ways to reinvigorate the World Trade Organization with emphasis on the WTO's forthcoming Bali Ministerial Conference.
Source: Ministry of Foreign Affairs