February 18, 2008


India Mulling Sweeping Trade Pact With Africa: India is considering lifting certain trade duties with African countries. The move is aimed at countering China's increasing business ventures in the resource-rich continent. VOA's Steve Herman reports from New Delhi. (Steve Herman, 14 February 2008, VOA News)

Government and industry sources here say India is planning to announce a major trade and investment plan when it hosts an unprecedented summit with African countries in early April.

Under consideration: duty free imports of some items from Africa. The plan is being prepared at a time when China has been edging out India for some lucrative African contracts. Beijing and New Delhi are in competition for resources abroad to meet the energy needs of their rapidly growing economies.

Posted by Orrin Judd at February 18, 2008 8:30 AM
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