Japan - Africa Economic and Investment Forum 2021: Diversifying the African Economy

 

The trade between Japan and African countries has largely followed a classical pattern of trade disequilibrium between the developing and the developed economies. The structure of trade between countries in Africa and Japan reflects the difference in the level of development of the two partners as well as high degree of complementary that exist between their economies. While Africa’s exports to Japan consist mainly of primary commodities, its imports from that country are made largely of industrial goods. Within this commodity groups, there have been some important changes in the structure of trade over the years. From analysis, despite the increase in trade volume between the Japan and Africa, the multilateral trade relations have been in favor of Japan, thus creating a feeling of the lopsided distribution of the benefit from the multilateral trade.

Addressing these trade disparities between Japan and countries in Africa, Global Commerce and Industry is introducing Japan – Africa Economic and Investment Forum 2021. The Forum will reflect the diversity of backgrounds from business, civic engagement, and public management. In light of increasing economic growth throughout the African continent and a rapidly expanding youth population, participants will be encouraged to focus on how these essential institutions can partner together to ensure that African countries experience sustainable economic and societal growth going forward. 

The Japan – Africa Economic and Investment Forum 2021, Tokyo Japan is scheduled to hold from the 5^th – 10^th of June 2021.

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