Sunday, April 13, 2008

President Wade on Senegal-India trade

Some important excerpts from the speech of President Wade in India, April 8, 2008

"It is much significant to note that trade between India and West Africa have tripled in the 2002-2007 period. That makes India the first partner of Senegal in our exports."

"The bilateral cooperation between India and Senegal is certainly among others an example of what we can achieve based on our complementarities. The Senegalese – Indian partnership covers in fact areas as various as agriculture with our national program of self sufficiency in rice, chemical industries from Senegal’s phosphates, vehicle assembly and the exploitation of iron ore."

"Furthermore the Export Import Bank of India just opened a 2nd office in Dakar after the one in Johannesburg. An institutional frame work like TEAM 9 and its credit line also shows through its concrete achievements the innovating South-south cooperation model India and Africa can develop durably by creating a "value added" compared to classical forms of cooperation."

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