The second India-Africa summit was aimed at consolidating trade ties between the two regions, which together account for a third of the world’s population. The two sides signed a cooperation framework to further bolster the economic relations that got a boost after the first India-Africa summit in 2008 in New Delhi.
They also signed a political statement — the so-called Addis Ababa Declaration — calling for comprehensive reform of the United Nations system including an expanded UN Security Council in which the partners have pledged each other’s support for a permanent seat. Both India and China have turned to Africa to seek energy resources to power their fast-paced economies, but while China prefers government-to-government deals, Indian investment is mainly in the private sector.
Title: 2nd Africa-India Forum Summit
Date of Issue: 25 May 2011
Denominations: 2500p, 500p