African Asia-Africa Growth Corridor

The Subject “Asia-Africa Growth Corridor” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Logistics Courses: Transport in Africa, Road transport, Multimodal transport, Rail transport.

Diploma: International Transport.

Courses Business in: East Africa, Southern Africa.

Masters (MIB): Transport in Africa, International Transport, Business in Africa, International Economic Relations, Foreign Trade.

Doctorate (DIB): Global Logistics, African Business, Asian Business, World Trade.

Learning materials in or Corridor de croissance Asie-Afrique Corredor Asia-África Corredor Ásia-África.

Asia-Africa Growth Corridor.

The Asia-Africa Growth Corridor is an economic cooperation agreement between 10 Asian countries and 7 African countries, launched in 2017 by the governments of India and Japan.

1. Asian member countries (10): Bangladesh, India, Iran, Japan, the Maldives, Mongolia, Myanmar, Singapore, Sri Lanka and Thailand;
2. African member countries (7): Kenya, Madagascar, Mauritius, the Seychelles, Tanzania, Zambia and Zimbabwe.

The Asia-Africa Growth Corridor is the Indian and Japanese alternative to the Chinese New Silk Road (one belt, one route, Eurasian Land Transport Initiative).

Its main objective is the creation of an Afro-Indo-Asian Economic Area through:

1. Development and cooperation projects;
2. Quality infrastructure (transport, corridors) and institutional connectivity;
3. Enhancement of skills and abilities;
4. Person-to-person (P2P) associations.

The Asia-Africa Growth Corridor will facilitate and enhance economic growth by linking the economies of Asia and Africa by facilitating trade, development and improvement of ports, airports, corridors, industrial parks or telecommunications.

India channels its cooperation with Africa through the Africa-India Framework for Cooperation.

1. Mauritius is considered as the Indian gateway to Africa;
2. India is part of the Africa-BRICS Cooperation;
3. Bangladesh-China-India-Myanmar Economic Corridor.

Japan channels its cooperation with Africa through the Tokyo International Conference on African Development.

Sample:

The Africa-Asia Strategic Partnership (NAASP) is the framework for economic collaboration between the two regions.

The Indian-Ocean Rim Association (IORA) plays a key role in the Asia-Africa Growth Corridor strategy.

Sample:

The IORA is made up of 20 countries from (not all of them are part of the Asia-Africa Growth Corridor):

1. Asia: Australia, Bangladesh, India, Indonesia, Iran, Malaysia, Singapore, Sri Lanka and Thailand;
2. Africa: the Comoros, Kenya, Madagascar, Mauritius, Mozambique, the Seychelles, South Africa, and Tanzania;
3. Middle East: Oman, the United Arab Emirates, and Yemen.

African Countries members of the Asia-Africa Growth Corridor (AAGC)

Main related African ports:

1. Port of Mombasa
2. Ports of Madagascar
3. Port of Dar es-Salaam

Trans-African Corridors.

1. Northern Corridor;
2. Cairo-Gaborone Corridor;
3. Lagos-Mombasa Corridor;
4. North-South Corridor;
5. Central Corridor.

Sample:

Other African corridors related to the Asia-Africa Growth Corridor:

1. Beira-Lobito Corridor (Angola);
2. Lobito Corridor.

African Regional Economic Communities related to the Asia-Africa Growth Corridor

1. East African Community (EAC): Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan;
2. Intergovernmental Authority on Development (IGAD): Djibouti, Eritrea, Ethiopia, Kenya, Somalia, Sudan and Uganda;
3. Common Market for Eastern and Southern Africa (COMESA): Burundi, Comoros, the Democratic Republic of the Congo, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Eswatini (Swaziland), Tanzania, Uganda, Djibouti, Zambia and Zimbabwe;
4. Southern African Development Community (SADC): Angola, Botswana, the Comoros, the Democratic Republic of the Congo, Lesotho, Malawi, Madagascar, Mauritius, Mozambique, Namibia, the Seychelles, South Africa, Eswatini (Swaziland), Tanzania, Zambia and Zimbabwe;
5. COMESA-EAC-SADC Tripartite Free Trade Agreement: all  the African countries of the Asia-Africa Growth Corridor are members of the tripartite agreement;
6. Nile Basin Initiative: Burundi, the Democratic Republic of the Congo, Egypt, Ethiopia, Kenya, Rwanda, South Sudan, Sudan, Tanzania and Uganda;
7. International Conference on the Great Lakes Region: Angola, Burundi, the Central African Republic, the Republic of the Congo, the Democratic Republic of the Congo, Kenya, Rwanda, South Sudan, Sudan, Tanzania, Uganda and Zambia;
8. Indian Ocean Commission: the Comoros, the Reunion Island, Madagascar, Mauritius and the Seychelles.

Trade relations of the African countries of the corridor with the United States:

1. COMESA-United States Trade and Investment Framework Agreement;
2. East African Community-U.S. Agreement;
3. African Growth and Opportunity Act (U.S. AGOA).

Relations of the African countries of the corridor with the European Union

1. Africa-European Union Strategic Partnership (Cotonou Agreement);
2. Generalized System of Preferences (GSP).

Free Trade Agreements:

1. Almost all the African countries in the corridor have trade agreements with India;
2. Mauritius: India, Turkey, European Free Trade Association (EFTA) and Pakistan;
3. India has a trade agreement with the Southern Africa Customs Union (SACU) (South Africa, Lesotho, Eswatini (Swaziland), Botswana, and Namibia). Although none of these countries is a member of the corridor).

Main African Institutions:

1. African Union (AU);
2. African Union Development Agency (AUDA-NEPAD);
3. African Development Bank (AfDB);
4. Economic Commission for Africa (ECA).

Asian countries of the corridor

Asian regional economic communities related to the Asia-Africa Growth Corridor

1. South Asian Association for Regional Cooperation (SAARC): Bangladesh, India, Maldives and Sri Lanka;
2. Bay of Bengal Initiative (BIMSTEC): Myanmar, Bangladesh, India, Sri Lanka and Thailand;
3. Asian Clearing Union (ACU): Bangladesh, India, Iran, Myanmar, Maldives and Sri Lanka;
4. South Asia Subregional Economic Cooperation (SASEC): Bangladesh, India, Maldives and Sri Lanka;
5. Economic Cooperation Organization (ECO): Iran;
6. Organization for Cooperation between Railways (OSJD): Iran and Mongolia;
7. Asia-Pacific Economic Cooperation (APEC): Japan, Singapore and Thailand;
8. Association of Southeast Asian Nations (ASEAN): Myanmar, Singapore and Thailand
   1. ASEAN Economic Community;
   2. ASEAN Free-Trade Area (AFTA);
   3. Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT): Thailand;
   4. Mekong Economic Cooperation Strategy (ACMECS): Myanmar y  Thailand.
9. Greater Mekong Subregion (GMS): Myanmar and Thailand.

Sample:

Asian Free Trade Agreements related to the countries of the Asia-Africa Growth Corridor (AAGC)

1. Free Trade Agreements of India: Sri Lanka, Thailand, Singapore, Mauritius, Maldives, ASEAN;
2. Free Trade Agreements of Bangladesh: India, Sri Lanka;
3. Economic Association Agreements of Japan: Singapore, ASEAN;
4. Free Trade Agreements of Myanmar: Sri Lanka, Bangladesh;
5. Free Trade Agreements of Singapore: India, Japan;
6. Free Trade Agreements of Sri Lanka: India, Bangladesh;
7. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): Singapore and Japan;
8. Asia-Pacific Trade Agreement (APTA): Bangladesh, India, Mongolia and Sri Lanka;
9. Islamic Trade Preferential System (TPS-OIC).

Main Asian institutions related to the corridor

1. Asian Development Bank (ADB);
2. Economic and Social Commission for Asia and the Pacific (ESCAP);
3. Boao Forum for Asia;
4. Colombo Plan;
5. Asia Cooperation Dialogue (ACD).

Main Islamic institutions related to the corridor

1. Organization of Islamic Cooperation (OIC);
2. Islamic Development Bank (IsDB).

The main religions of the region of the Asia-Africa Growth Corridor are:

1. Christianity;
2. Islam;
3. Hinduism;
4. Buddhism.

The Asia-Africa Growth Corridor belongs to:

1. Southern African Economic Area;
2. East African Economic Area;
3. Hindu Economic Area;
4. Buddhist Economic Area;
5. Central Eurasian Economic Area.

EENI African Business Portal.

(c) EENI Global Business School (1995-2022)
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