Ahead of the India-Africa Business Dialogue (IABD), Commerce and Industry Minister Piyush Goyal has called for aligning standards and customs procedures between India and Africa to boost bilateral trade. Highlighting the potential of the African Continental Free Trade Area (AfCFTA), valued at nearly $3.4 trillion, alongside India’s rapidly expanding $4 trillion economy, he stressed that these synergies could unlock resilient partnerships, diversify supply chains, and move trade beyond raw materials toward high-value manufacturing and fully integrated value chains.
He said renewable energy, green hydrogen, green ammonia, electric mobility, digitalisation, and telecommunications are key sectors to boost cooperation. Bilateral trade between India and Africa reached $93.69 billion in 2025-26, registering a 14.39 per cent growth over the preceding year. India's exports to Africa stood at $45.42 billion, while imports reached $48.27 billion during the same period.
Besides, the government has said the upcoming IABD and Exhibition, to be held on the sidelines of the 4th India-Africa Forum Summit (IAFS-IV), will serve as a key platform to deepen economic, strategic and technology partnerships between India and African nations. The dialogue is aimed at expanding cooperation in trade, investment, technology, and people-to-people ties, while also strengthening South-South collaboration.
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