"Japan believes in Africa's future,"
"Japan backs the concept of African Continental Free Trade Area,"
"Africa must have a stronger voice in shaping the decisions that affect its future,"
Japan proposed an economic zone connecting the Indian Ocean to Africa to strengthen business, investment and free trade across the region. The proposal supports the African Continental Free Trade Area to boost competitiveness and seeks to channel investment from Japanese firms operating in India and the Middle East. Japan plans coordinated loans up to $5.5 billion with the African Development Bank to promote sustainable development and address debt issues. The three-day TICAD summit in Yokohama focuses on economy, peace and stability, health, climate change and education with representatives from about 50 African countries. U.S. tariff policies and aid cuts have hindered development projects while China has expanded infrastructure and loan influence since 2000. The United Nations called for a stronger African voice in international decision-making.
#japan-africa-relations #indian-ocean-africa-economic-zone #african-continental-free-trade-area #china-africa-influence
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