Africa: World Bank Study Urges Africa Trade With Asia
Africa: World Bank Study Urges Africa Trade With Asia
Africa should embrace growing trade relations between the continent and Asian giants China and India, the World Bank says.
In a new study, the Bank notes the growing Asian investment in Africa, saying it holds growth potential for the continent.
The study, Africas Silk Road: China and Indias New Economic Frontier, recommends an array of trade and investment reforms within and between these regions to deepen the growing South-South ties.
This new Silk Road potentially presents to sub-Saharan Africa – home to 300 million of the globes poorest people – a significant and rare opportunity to hasten its international integration and growth, said Mr Harry Broadman, World Bank Africa Region Economic Advisor and author of the report.
More : allafrica.com
