There is a new renaissance in bilateral partnerships between emerging markets. India just organized a summit for African leaders to discuss trade partnerships that would benefit both markets. India is trying to mimic and duplicate China's success in Africa. For instance, China organized a similar summit in 2006.
India and Africa are closely more related because of colonial ties to the crown. Also, culturally, India is much more similar to Africa then China. Even the Brazilians, have signed trade deals for energy, biofuel and agriculture.
The BBC has written more about this summit.
India and Africa are closely more related because of colonial ties to the crown. Also, culturally, India is much more similar to Africa then China. Even the Brazilians, have signed trade deals for energy, biofuel and agriculture.
The BBC has written more about this summit.
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