{"id":28240,"date":"2018-10-24T11:26:54","date_gmt":"2018-10-24T05:56:54","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28240"},"modified":"2018-10-24T11:26:54","modified_gmt":"2018-10-24T05:56:54","slug":"pm-in-africa-amid-a-fall-in-trade","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pm-in-africa-amid-a-fall-in-trade\/","title":{"rendered":"PM in Africa amid a fall in trade"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/todays-paper\/tp-national\/pm-in-africa-amid-a-fall-in-trade\/article24499256.ece\">PM in Africa amid a fall in trade<\/a><\/p>\n<p><strong>News<\/strong><\/p>\n<ol>\n<li>\u00a0PM to visit three African Nations to Boost India-Africa Bilateral Relation<\/li>\n<\/ol>\n<p><strong>Important facts<\/strong><\/p>\n<p>2. This visit is important as it is a reflection of Indian engagement and the priority of India with African nations.<\/p>\n<p>3. Indian engagement with African nations has been increased over last 4 years.<\/p>\n<p>4. However, recent studies show that Indian trade with African countries is declining.<\/p>\n<p>5. According to \u201cworld investment report 2018\u201d by UNCTAD (United Nation Conference on Trade and Development) Indian FDI in Africa in 2016-17 was $14 Billion which is lower than $16Billion at 2011-12.<\/p>\n<p>6. Investment climate in African countries itself has seen drop in FDI flow by 21% according to UNCTAD.<\/p>\n<p>7. Indian and Chinese Investment were same in 2011-12 at $16 Billion, but Chinese investment increased to $40 Billion in 2016-17<\/p>\n<p>8. India-Africa trade figure from 2013 to 2017 has fallen, Import and Export figures fell from $67.84 billion to $51.96 Billion.<\/p>\n<p>9. But in 2015 the investment figure jumped, as ONGC Vides Ltd got a stake in the ROVUMA gas field of Mozambique in 2014.<\/p>\n<p>10. Issues with India<\/p>\n<ul>\n<li>India trade remained concentrated to the east part of the Africa only.<\/li>\n<li>Trade is majorly dominated by Petroleum products, which need diversifications.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PM in Africa amid a fall in trade News \u00a0PM to visit three African Nations to Boost India-Africa Bilateral Relation Important facts 2. This visit is important as it is a reflection of Indian engagement and the priority of India with African nations. 3. Indian engagement with African nations has been increased over last 4&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pm-in-africa-amid-a-fall-in-trade\/\">Continue reading <span class=\"screen-reader-text\">PM in Africa amid a fall in trade<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28240","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704715176},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28240"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28240\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}