economic diplomacy

United Arab Emirates (UAE) launched here on Wednesday a long-term government plan to strengthen the country's reputation and soft power, and to ensure that government revenues rely less on oil, state news agency WAM reported.

This week, prime minister Hailemariam Dessalegn had presented a six-month performance assessment report of his government to the House of Peoples Representatives. Foreign relation and diplomacy were among the overarching themes. [...] Efforts were channelled towards helping the country enjoy finance either in a form of loan or aid for trade, investment, tourism. In general, the activities were focused on economic diplomacy.

Considering Africa’s lackluster performance, it is no coincidence that many African countries and global development institutions are now prioritizing a strategy of trade over aid. But what if focusing on trade—such as partnerships with Chinese and American governments and companies—is the wrong way to look at the problem? What if instead, African countries focused on innovation? The opportunities for growth and prosperity would be much brighter.

Sakakibara stressed the importance of the Kingdom’s economic role for Japan and the keenness of the Japanese business sector toward the achievement of the strategic economic and developmental objectives of the Saudi-Japanese Vision 2030 that aims to bolster bilateral cooperation.

She said India's investments in Africa had also received a boost in recent years as African countries were receiving strong investment interest from India due to their high growth markets and mineral rich reserves. Indian President Shri Pranab Mukherjee said his Government was committed to further strengthening partnerships with Africa for mutual benefit.

The threads that connect India and Sri Lanka are many. From mythology to history to civilizational, cultural, commercial and people-to-people ties, there are layers and layers of what we mean for each other. We have the profound advantage of not having to look hard for similarities and bonds. The question is how to encash these advantages and maximise our mutual benefit?

Saudi Arabia aims to promote itself as an attractive touristic destination owing to its diverse landscape and archaeological treasure, currently little known owing to decade-old lack of state interest. In years to come, Riyadh plans to gradually introduce tourist visa to people of all nationalities, with the condition that the visitors will respect the local culture and traditions. Currently, eight million religious tourists visit the country to perform umrah and hajj.

A Chinese Diplomat has recalled the vital role African countries played in ensuring that the People’s Republic of China regained its status at the United Nations, while calling on African journalists to help strengthen the ties between Africa and China. [...] “So China and African countries are forever friends; China has returned to the United Nations mainly due to the support from African friends."

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