New Delhi, June 15 (SocialNews.XYZ) 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.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz