2019
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Question
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11
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8
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6
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4
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Detailed explanation-1: -Africa’s main trade in goods partner is the EU In 2020, the largest trade partner for Africa was the EU with 33 % of exports to, and 31 % of imports from non-African countries. In both cases China was the second largest partner with 17 % of exports and 22 % of imports.
Detailed explanation-2: -India is now one of the top five investors in Africa, with about USD 74 billion of investments. Most Indian investments in Africa go to Mauritius, Mozambique, Sudan, Egypt, and South Africa. Indian firms are also increasingly active in countries rich in natural resources, such as Ghana and Nigeria.
Detailed explanation-3: -He said that India’s bilateral trade with Africa has now reached $89.5 billion in 2021-22 compared with $56 billion the previous year.