Africa's Silk Road: China and India's New Economic Frontier

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World Bank Publications, Nov 8, 2006 - Business & Economics - 384 pages
China and India's new-found interest in trade and investment with Africa - home to 300 million of the globe's poorest people and the world's most formidable development challenge - presents a significant opportunity for growth and integration of theSub-Saharan continent into the global economy. Africa's Silk Road finds that China and India's South-South commerce with Africa isabout far more than natural resources, opening the way for Africato become a processor of commodities and a competitive supplier of goods and services to these countries - a major departure from its long established relations with the North. A growing number of Chinese and Indian businesses active in Africa operate on a global scale, work with world-class technologies, produce products and services according to the most demanding standards, and foster the integration of African businesses into advanced markets.There are significant imbalances, however, in these emerging commercial relationships. These can be addressed through a series of reforms in all countries:
  • 'At-the-border' reforms, such as elimination of China and India's escalating tariffs on Africa's leading exports, and elimination ofAfrica's tariffs on certain inputs that make exports uncompetitive
  • 'Behind-the-border' reforms in Africa, to unleash competitive market forces and strengthen its basic market institutions
  • 'Between-the-border' improvements in trade facilitation mechanisms to decrease transactions costs
  • Reforms that leverage linkages between investment and trade, toallow African businesses to participate in global productionnetworks that investments by Chinese and Indian firms can generate.
 

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Page 172 - The Government of the People's Republic of China and the Government of Japan agree to establish durable relations of peace and friendship between the two countries on the basis of the principles of mutual respect for sovereignty and territorial integrity, mutual non-aggression, non-interference in each other's internal affairs, equality and mutual benefit and peaceful coexistence.
Page 126 - Gambia Ghana Guinea Guinea-Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mauritius Mozambique Namibia Niger Nigeria Rwanda Sao Tome...
Page 136 - Food and live animals Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants and related materials Animal and vegetable oils and fats Chemicals Manufactured goods classified chiefly by material Machinery and transport equipment...
Page xxiv - GATS General Agreement on Trade in Services GATT General Agreement on Tariffs and Trade GDP gross domestic product...
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Page xxv - ... North Africa MERCOSUR Southern Common Market MFA Multifibre Arrangement (formerly Arrangement regarding International Trade in Textiles) MFN Most Favoured Nation MNEs Multinational Enterprises NEPAD New Partnership for Africa's Development NIEs Newly Industrialising Economies NTMs Non-Tariff Measures ODA Official Development Assistance OECD Organisation for Economic Co-operation and Development OEM Original Equipment Manufacturing OOF Other Official Flows PPP Purchasing Power Parity R&D Research...
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