Published on 26/03/2018 12:24:40 PM | Source: Dion Global Solutions Ltd

India-Africa should boost economic ties: Minister

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Commerce and Industry Minister Suresh Prabhu has said that he has pitched for a free trade agreement with Africa with a view to boosting economic ties between the two regions. He said that both the sides can work on negotiating a completely unique free trade agreement which will be beneficial to African countries. As per reports, 44 nations of the 54-member African union bloc signed a African Continental Free Trade Area (AfCFTA) in Kigali, Rwanda.

As per reports, while bilateral trade between India and Africa stood at about USD 53 billion, it is far below the potential and efforts are needed to step up the volume of trade. The minister also pitched for strengthening air connectivity with the African region.