India and Gabon Relations

About India and Gabon Relations:

• Both sides carried out a comprehensive review of the existing bilateral relations, including strengthening of cooperation in trade and economic relations, defence and maritime.
• The two sides also exchanged views on regional and international issues of mutual interest, including cooperation in the UN and other multilateral fora, climate change, International Solar Alliance and sustainable development.
• India and Gabon have traditionally enjoyed warm and friendly relations, which are based on shared democratic values and vision.
• The bilateral relationship has further strengthened in the past few years with opening of the Gabonese Mission in New Delhi and exchange of high-level visits.
• The bilateral trade between India and Gabon is growing at a healthy rate and has touched 1.12 billion dollars in 2021-22 from 440 million dollars in 2017-18.
• India is now the second-largest destination for Gabonese exports.
• Over 50 Indian companies have set up manufacturing units in the Gabon Special Economic Zone.

Gabon:

• Gabon is a central African country, is rich in natural resources.
• Located on the Atlantic Ocean, it borders Cameroon, Equatorial Guinea, and the Republic of Congo.
• It is sparsely populated, with a population of 2.3 million (2021) and forests covering 85% of its territory.
• Gabon, the fourth largest oil producer in Sub-Saharan Africa, posted strong economic growth over the past decade, driven mainly by oil and manganese production.

Source : All India Radio

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