PM for increasing trade, investment flow between India, Africa

New Delhi, Oct. 29 (ANI): Delivering the vote of thanks at the closing of the India-Africa Forum Summit 2015, Prime Minister Narendra Modi on Thursday said African Union’s response is a clear affirmation that this is the right format for India and Africa to meet.

Stating that India and Africa would give high priority to increase trade and investment flows between them, the Prime Minister said, “We will make our trade more balanced, facilitate Africa’s access to the Indian market and will ensure full and effective implementation of the duty-free access extended to 34 countries.”

Hailing the defence and security cooperation – done bilaterally and through multilateral and regional mechanisms – with many African countries as “excellent”, he said: “A closer defence and security cooperation will be a key pillar of the India-Africa partnership. We will intensify our cooperation against terrorism and rally the world to build a common cause against it.”

Stating that “our solidarity and unity can be a major force in the cause of a more inclusive, fair and democratic global order”, he said both the nations should intensify their cooperation and collaboration to seek reform of the United Nations; achieve their shared goals in global trade; build a global partnership for the Development Agenda 2030; and, pursue their expectations from the Paris Meet on climate change.

We are conscious of the shadow that falls between an idea and action, between intention and implementation So, implementation will be as important as starting projects.

He said India and Africa would also strengthen their monitoring system, which would include a Joint Monitoring Mechanism with the African Union.(ANI)

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