AFRICA-ASIA CONTAINER LINES are reported to be doing brisk business even as Africa is opening up to India, Thailand, Singapore, Malaysia, Indonesia and China Markets. This has been attributed by the recent boom in developing countries in Africa accelerating business leads. The commerce between Africa and Asia epitomizes the explosion of South-South trade. These trade flows are driven by the burgeoning middle classes in Asia's emerging economic giants—China and India—whose appetite for Africa's commodities is growing, and by rising economic growth in sub-Saharan Africa (SSA), which is increasing the demand for Asian manufactured goods.For example, The Africa-China trade represents more than 10 percent of the continent's trade. In value terms, it represents $114 billion--$52 billion in exports and $62 billion in imports. Africa has a trade deficit with China of about $10 billion, according to AfDB's report, Chinese Trade and Investment Activities in Africa.
