The Arab Maghreb Union (AMU),formed in 1989 by Algeria, Libya,Mauritania, Morocco and Tunisia, aims to safeguard the partings economic
interests, foster and promote economic
and cultural co-operation, and intensify
mutual commercialised exchanges as a
precursor for integration and the
creation of a coupling African Common
Market.
Besides increased economic activity in the Maghreb region in recent years, with real GDP ontogenesis strengthening from 4.0% in 2005 to 5.8% in 2006 accompanied by lancinating emission in current account surplus, the region overly accounts for around 16% of total FDI inflows into Africa. Further, the region is an important fossil oil and gas producer, as also transit center to gray Europe. Total trade of the region has also witnessed a two-fold rise from US$ 78 bn in 2001 to US$ 158 bn in 2005.
The study, bandage analysing the recent trends in Indias total trade with the region which has doubled from US$ 544 mn in 2001-02 to US$ 1182 mn in 2005-06, has identified potential items of trade to further enhance bilateral trade relations.
Towards this end, based on Indias export capabilities and demand be in the Maghreb Region, potential items of exports to these countries would include: articles of squeeze & steel, petroleum products, pharmaceutic products, machinery and transport equipments, food products, chemical products, articles of apparel and clothing, plastics & articles are whatever items that could boost Indias exports to the region. As regards imports from the Maghreb Region, potential items would include: crude fertiliser, admixtureiferrous ores & metal scrap, wool raw, organic & inorganic chemicals, non ferrous metals, electronic goods, and woodland & wood products.
Looking at the growth in Indias trade
with Mauritania and import demand,
potential items of export for India would
include: food products, petroleum
products, iron & steel and articles, and
machinery & transport equipment.
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