Asia-Africa Growth Corridor (AAGC)
| Section | Details |
|---|---|
| Introduction | – The Asia-Africa Growth Corridor (AAGC) was announced in November 2016 during a joint declaration by Indian Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe. – The vision document for the AAGC was released during the African Development Bank (AfDB) meeting in Gujarat, India, on May 25, 2017. – It aims to enhance economic connectivity and foster sustainable development between Asia and Africa. |
| Objectives | – Development and Cooperation Projects: Promote economic growth and development across Asia and Africa. – Quality Infrastructure and Institutional Connectivity: Build reliable infrastructure and strengthen institutional ties for seamless connectivity. – Enhancing Capacities and Skills: Develop human resource capacities and skills to support industrialization and economic activities. – People-to-People Partnership: Foster cultural and academic exchanges to strengthen ties between the two regions. |
| Members (Dec 2024) | – Primary Proponents: India and Japan. – Partner Countries: Various African nations collaborating on specific projects under the AAGC framework. – Participating Organizations: Economic Research Institute for ASEAN and East Asia (ERIA), Research and Information System for Developing Countries (RIS). |
| Reports/Indices | – Asia Africa Growth Corridor: Partnership for Sustainable and Innovative Development – A Vision Document: Provides the foundational strategy and objectives of the AAGC, focusing on sustainable development across Asia and Africa. – Asia-Africa Growth Corridor: Development Cooperation and Connectivity in the Indo-Pacific: Discusses AAGC’s role in enhancing connectivity and cooperation between the two regions. |
| Instruments | – Joint Declarations: Statements issued by India and Japan outlining the vision and commitment towards the AAGC. – Memoranda of Understanding (MoUs): Agreements between participating countries and organizations to collaborate on specific projects under the AAGC framework. – AAGC Charter (Proposed): A document that may outline governance and operational guidelines. |
| Structure | – Steering Committee: Composed of representatives from India, Japan, and participating African countries to provide strategic direction. – Working Groups: Focus on specific sectors such as infrastructure, capacity building, and people-to-people partnerships. – Collaborating Think Tanks: Include the Research and Information System for Developing Countries (RIS) and the Economic Research Institute for ASEAN and East Asia (ERIA). |
| Subsidiary Organs | – Research and Information System for Developing Countries (RIS): A New Delhi-based think tank that contributed to the formulation of the AAGC vision document. – Economic Research Institute for ASEAN and East Asia (ERIA): Provides research, analysis, and policy recommendations supporting AAGC objectives. |
| Committees | – Sectoral Committees: Established to address specific areas like health, agriculture, infrastructure, and technology. |
| Initiatives | – Development and Cooperation Projects: Implement projects in sectors such as health, agriculture, and infrastructure to promote economic development in partner countries. – Quality Infrastructure and Institutional Connectivity: Develop quality infrastructure and strengthen institutional frameworks to improve connectivity. – Enhancing Capacities and Skills: Provide training and skill development programs aimed at enhancing human resources. – People-to-People Partnership: Foster cultural and academic exchanges to enhance ties between Asia and Africa. |
