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African nations pivot towards China, India, and Brazil, forging new trade deals and financing initiatives.
African leaders are deepening trade ties with emerging markets like China, India, and Brazil, amid rising US protectionism and the expiration of trade agreements.
The GTR West Africa 2025 Conference in Lagos highlighted the need for diversified alliances and innovative financing for infrastructure.
Additionally, the African Export-Import Bank launched a $3 billion program to finance intra-African oil trade, aiming to reduce reliance on imported refined petroleum products.
The African Development Bank and Inter-American Development Bank signed a $3.2 billion agreement to boost lending capacity.
These moves aim to foster economic resilience and growth in Africa.
Las naciones africanas pivotan hacia China, India y Brasil, forjando nuevos acuerdos comerciales e iniciativas de financiación.