Russia–Africa

Pavilion G, Conference Hall G1

Russia has reinforced its commitment to strategic cooperation with the African continent, and trade and economic relations are on the rise between the two regions, with Africa becoming an increasingly attractive and easy place to do business. Forty-four countries on the continent have recently signed a historic agreement to establish the African Continental Free Trade Area (AfCFTA). The signatories include major economies such as Egypt, Ethiopia, Kenya, Algeria, Morocco, and others. Should all 55 African countries become members of the AfCFTA, this would lead to the emergence of a single African market with a population of 1.2 billion people and GDP of over USD 2 trillion. According to estimates, removing customs barriers and eliminating other obstacles for business through AfCFTA will increase trade within Africa by at least 50% by 2022. What is Russia’s proposition to its African colleagues in this rapidly changing environment? How can relations, which have historically been based on friendship, support, and mutual understanding, synthesize into a modern business policy and help Russia compete with an active China, a growing India, and exacting European partners? What new technologies and instruments can both sides apply to effectively realize the potential and meet their mutual interests?

Africa Economic Integration Trade policy Export Promotion

Date

25.05.2018

Forum

SPIEF

Started at

16:30—17:45

Conference hall

Pavilion G, Conference Hall G1