In May 7th, India president ends visit to South africa. In5 day-long visit, both sides mainly focus on how to promote the bilateral economic and trade cooperation carried out extensive exchanges. Widely believed, she 's far beyond courtesy of category, not only that the India and Africa countries strengthen relationship determination, also show India and Africa countries cooperation scale.
The political dimensions of the interactive help momentum
The two presidents have stressed the need to strengthen bilateral trade cooperation, said in 2014 for the bilateral trade volume reached US $14000000000. In 3 days of held South Africa - India business forum, Patil said South Africa is the region of Southern Africa portal, India is one of the most important trade partners. In these political statement, India and South Africa, the volume of bilateral trade from less than $1000000000 in 1996to about $6900000000 in 2011, the bilateral economic and trade cooperation momentum in the good.
President Zuma invite enterprises in India invest in South Africa's infrastructure development project. The South African government announced earlier this year, will be before the end of 2014to invest 800000000000rand ($1 $7.73 Rand ) for the construction of infrastructure, has identified 43key projects. In addition, South Africa and India in the field of tourism cooperation is also strengthening. According to the South African government, on 2005,2010 years to the South African Tourism of India tourists increased by 122%, India has become South Africa's seventh largest source of tourists. It is understood, South Africa Tourism Association are more than 1000 India travel company providing training, to ensure more Indians to travel south africa.
Another new wave of investment in South Africa
India since 1994since resuming diplomatic relations with South Africa, taking measures to promote the development of bilateral economic and trade cooperation. The two countries not only in history and culture are closely linked, economy is complementary the gender is also very strong. Indian south economic and trade cooperation, although India has always been a trade deficit position, but to the South African trade advantage is obvious, the bilateral economic and trade cooperation has achieved remarkable results.
India is currently South Africa 's top ten export destination and the five source of imports. In addition, India car manufacturing company Mahindra, Tata Group has investments in South africa. The South African media said, India enterprises to invest in South Africa the first wave is mainly of large enterprises, now possible by the emergence of second wave is small business investment.
India not only pay attention to in the bilateral framework and promote development of relations between South Africa, advocated in the multilateral cooperation and the bilateral economic and Trade Development under the framework of Indian south. At present, South Africa is the group of twenty and the BRIC countries and other important members of the multilateral cooperation platform, its rising international status. India strategic industry, Africa 's vast market in recent years the rise of the India enterprises to provide display space. In the political field, India pursued a policy of nonalignment, wanted to play the role of developing the bearer, Africa is its support and demonstrate the influence of important stage.
India enterprises to actively seize the market
Africa country attractiveness and huge development potential. Ernst & Young's research shows, the foreign direct investment to Africa from2003339 projects up to 2011857, among them outside Africa countries ' direct investment to Africa in 10 years increased by 1.5 times, the interior of Africa investment grew 4.3 times. Emerging market countries for investment in the proportion increased significantly, in 2003investment amount to only 99, but reached 538 in 2011, far more than the developed country319. Among them, India 's move was attract sb.'s attention, since 2003, India investment in Africa only ranked in the U.S., law, English, ranked fourth.
2002, India government launched" focus on Africa" plan, there are including South Africa more than 20countries in Africa to join; in 2003, India, Brazil and South Africa signed the" Declaration of Brasilia", establish the cooperation mechanism;2005 -2008, India and Africa convened 4Indian Economic and trade cooperation conference in 2008; in April, India held the first India-Africa summit, published" India summit of the Forum on Africa Delhi Declaration" and" India Africa cooperation framework", and gradually perfect the India-Africa summit mechanism.
Africa Development Bank says, in recent years, India and Africa economic relationship alive. Africa is the India petroleum import channels of one of a plurality of regions from Africa, oil imports accounted for the India oil import quantity about 20%. India and Africa, Sultan, Nigeria, Equatorial Guinea, Ivory Coast and Angola producers such as Garner closely. India enterprises in Africa and actively expand the business activities, access to natural resources and market of race to control, this is India and Africa close main driving force.