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.
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:
Development and cooperation projects
Quality infrastructure (transport, corridors) and institutional connectivity
Enhancement of skills and abilities
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.
Common Market for Eastern and Southern Africa (COMESA): Burundi,
Comoros, the DR Congo, Egypt, Eritrea, Ethiopia,
Kenya, Libya, Madagascar, Malawi, Mauritius,
Rwanda,
Seychelles, Sudan, Eswatini, Tanzania, Uganda, Djibouti,
Zambia and Zimbabwe
Southern African Development Community (SADC): Angola,
Botswana, the Comoros, the DR Congo, Lesotho, Malawi, Madagascar, Mauritius, Mozambique, Namibia, the Seychelles,
South Africa, Eswatini, Tanzania, Zambia and Zimbabwe
COMESA-EAC-SADC
Tripartite: all the African countries of the Asia-Africa Growth Corridor are members of the tripartite agreement
Nile Basin Initiative: Burundi, the DR Congo, Egypt, Ethiopia, Kenya, Rwanda, South Sudan, Sudan,
Tanzania and Uganda
Conference on the Great Lakes: Angola, Burundi, the Central African Republic, the Republic of the Congo, the DR Congo, Kenya, Rwanda, South Sudan,
Sudan, Tanzania, Uganda and Zambia
Indian Ocean Commission: the Comoros, the Reunion Island, Madagascar, Mauritius and the Seychelles
Trade relations of the African countries of the corridor with the U.S.:
COMESA-United States Trade and Investment Framework Agreement
East African Community-U.S. Agreement
AGOA
Relations of the African countries of the corridor with the EU
Africa-European Union Strategic Partnership
GSP
Trade Agreements:
Almost all the African countries in the corridor have trade agreements with India
Mauritius:
India, Turkey, EFTA and Pakistan
India has a trade agreement with the
SACU (South Africa, Lesotho, Eswatini, Botswana, and Namibia). Although none of these countries is a member of the corridor)