Duty-free market access scheme for LDCs

Economy Bureau
Posted: Wednesday, Apr 09, 2008 at 2249 hrs IST
Updated: Wednesday, Apr 09, 2008 at 2249 hrs IST

Font Size

Feedback

Discuss

New Delhi, Apr 8: against grants in excess of $500 million and give priority to develop infrastructure in the the continent in areas of power, railways, telecom and IT. “We will strengthen local capabilities by creating regional and pan-African institutions of higher education, especially in sciences, Information Technology and vocational education and investment in research and development in renewable forms of energy, and agricultural development,” the PM said.

However, Biswajit Dhar, head of the centre for WTO Studies, IIFT, said, “China had taken the first step in this regard with Africa and has backed it up with being proactive for finding markets for Chinese industries in return. India should also encourage its investors to look at viable investment opportunities at the least possible price in Africa.”

Experts said in return for the measures taken to help African countries, India would expect access to rich natural resources as well as food and energy supplies. Though China is focusing on countries like Sudan, where several countries have voiced human rights concerns, India has ties with many southern and eastern African countries....

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.