March 17, 2012
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Trade Target Revision elevates India Africa trade ambition and promotes regional trade cooperation and capacity building.
Ministers agreed to raise the bilateral trade target and to deepen economic ties by strengthening trade relations through capacity building, concluding trade cooperation agreements with African RECs and countries, and promoting sectoral cooperation across agriculture, manufacturing, pharmaceuticals, textiles, mining, energy, infrastructure, financial services and IT. They launched the India Africa Business Council to guide enhancement of commercial relations and identify impediments, and inaugurated a cotton technical assistance programme for cotton growing African countries with a designated project management agency to build capacity and competitiveness.