IICCI & ISE's Global Trade Platform

THE IICCI & ISE'S GLOBAL TRADE PLATFORM

The World Economic Forum For Asia-Africa (WeFaa) and Indo-OIC Islamic Chamber of Commerce and Industry (IICCI) has collaboration between two chambers to use services of Global Trade Platform for Member's countries of Asia and Africa



THE IICCI & ISE'S GLOBAL TRADE PLATFORM

The IICCI & ISE’s Global Trade Platform - The Indo-OIC Islamic Chamber of Commerce and Industry (IICCI) and ISE Cards India Ltd. (ISE) jointly brings an opportunity to get buyers and sellers of IICCI member countries on one platform for bilateral trade for mutual benefit and ease of trading to aim building healthy and trustworthy business relations among the members.

ISE being Exclusive Global Commercial Partner (EGCP) of IICCI always endeavoring to develop member countries by providing different platforms, Global Trading Platform being one of them. The goal of IICCI and ISE partnership is to create a harmonious business community to help grow and enrich the members together.

Opportunity for Mutual Growth"

The IICCI Global Chamber represents over 50 countries and appointed National Directors are from various fields and of repute and enthusiastic towards this project. Under guidelines framed jointly by IICCI and ISE, each National Directors, Chairman of National Branch/Chapters, and all officials of Commissions and Member of Executive Committee of IICCI is allowed to empanel 3 to 4 products from his country for this platform. This efforts will transform to create the database of various products from member countries

"ISE Cards India Limited" To know more about ISE, please Click Here This database would have over 200 prime products made available to all for bilateral trade. This database facilitates to the intended buyer-seller to build business confidence over each other as empaneled manufacturer would have been through strict due diligence procedures by National Director. Due to this, intended buyer-seller would take quick and positive decisions.

For Business (Purchase & Sale) Queries with IICCI/ISE, please write to : E-mail

Special Opportunity for World Top & Repute Manufacturers/Suppliers/Buyers"

The IICCI/ISE also invites proposal from World Top & Repute Manufacturers/Suppliers/Buyers to Empanel their products and services to attract our global networks for sale and purchase with genuine parties under proper due diligence and screening by our national directors of each empanelment into IICCI/ISE.

For Empanelment Queries with IICCI/ISE, please write to : E-mail



TRADE AND INVESTMENT

The Business Linkage on Asia Africa Cooperation, a gathering of Asia and African, has always been known – and occasionally chastised – for being highly government-focused. At the same time, however, a quiet transformation has been taking place: Investors have begun to dominate Asia-Africa finance.

Since 2003, the earliest date official data is available, annual flows of Asian foreign direct investment to Africa has risen significantly – from a mere $748 million in 2003 to $5.4 billion in 2018. Asia FDI flows to Africa declined in 2019 to $2.7 billion, and then – despite the COVID-19 pandemic – swung up again to $9.2 billion in 2020. Over the same period, Asia FDI stocks in Africa grew nearly 100-fold over a 17-year period – from $490 million in 2003 to $403.4 billion in 2020, peaking in 2018 at $461 billion. That makes Asia- Africa’s first largest investor, ahead of the United States since 2014. Loans from Asia to Africa – estimated at $553 billion between 2000-2019.

The WeFaa aims play a part in this plan by providing further $100 Billion to focus of private to public driven projects and create a one Asia-Africa Market for business. Our aim is to partner The African Continental Free Trade Area. It is an ambitious trade pact to form the world’s largest free trade area by connecting almost 1.3bn people across 54 African countries. The agreement aims to create a single market for goods and services in order to deepen the economic integration of Africa. The trade area could have a combined gross domestic product of around $3.4 trillion, but achieving its full potential depends on significant policy reforms and trade facilitation measures across African signatory nations. The AFCFTA aims to reduce tariffs among members and covers policy areas such as trade facilitation and services, as well as regulatory measures such as sanitary standards and technical barriers to trade.

The agreement was brokered by the African Union (AU) and was signed by 44 of its 55 member states in Kigali, Rwanda on March 21, 2018. The only country still not to sign the agreement is Eritrea, which has a largely closed economy. As of 10 February 2022, 41 of the 54 signatories had deposited their instruments of ratification with the chair of the African Union Commission, making them state parties to the agreement. The AFCFTA Secretariat, an autonomous body within the African Union based in Accra, Ghana, and led by secretary general Wamkele Mene, is responsible for coordinating the implementation of the agreement. This will boost Asia-Africa Relations.

THE IICCI & ISE'S GLOBAL TRADE PLATFORM