India-Africa Trade

Earlier, India had contributed USD 4 million to African Union Mission in Somalia (AMISOM).

AfCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

External Affairs Minister S Jaishankar said that India is among the top five countries that have invested in the African continent.

The trade between India and African countries has been balanced with exports of trade and services of about $40 billion and imports of $49 billion, Goyal said

The minister also highlighted the need for Indian companies to invest in Africa

Indian exports to the African continent are expected to grow to $70 billion by 2021-22