The eight specialised councils
Complete coverage of every economic sector
The Afro-Asian Union gives rise to eight specialised councils that fully and effectively cover all economic sectors. These councils constitute the Union's executive investment framework, ensuring integration and the coordination of participatory policies among members.
An institutional foundation
From an institutional standpoint, international economic organisations, including the Afro-Asian Union for Finance and Business Affairs, often rely on:
- Separating the political role of the organisation from the executive economic role of the Union
- The existence of financially independent investment arms affiliated with both the organisation and the Union
- Creating specialised regulatory bodies
- Adopting multi-level governance models
The Supreme Council for Investment and Economic Development
Specialises in
- Attracting international investments
- Preparing investment opportunities
- Establishing investment funds
- Public-Private Partnership (PPP) management
- Economic feasibility studies
- Developing special economic zones
Affiliated units
- Investment Promotion Authority
- Feasibility Studies Centre
- Joint Development Fund
The International Financial and Banking Council
Specialises in
- Banking cooperation among member states
- Development finance
- Establishing financial settlement platforms
- Islamic and conventional finance
- Issuance of bonds and sukuk
- Financial risk management
Affiliated units
- Financial Markets Authority
- Financial Arbitration Centre
- Union Development Bank
The Intra-Trade and Customs Integration Council
Specialises in
- Promoting trade among member states
- Removal of customs barriers
- Developing free trade agreements
- Establishing export and import platforms
- Unifying specifications and standards
Affiliated units
- Trade Information Centre
- International Exhibitions Authority
- Digital commerce platform
The Energy and Natural Resources Council
Specialises in
- Oil and gas
- Renewable energy
- Electrical interconnection
- Green hydrogen
- Mining and natural resources
- Regional energy security
Affiliated units
- Energy Research Centre
- Joint Energy Projects Authority
- Energy trading platform
The Industry, Technology, and Production Council
Specialises in
- Developing heavy and light industries
- Technology transfer
- Joint manufacturing
- Supporting supply chains
- Localizing strategic industries
Enabling sectors
- Pharmaceutical industries
- Food industries
- Civil-military industries
- Electronics industries
The Legal and International Arbitration Council
Specialises in
- International commercial arbitration
- Legal drafting of agreements
- Investment protection
- International compliance
- Economic dispute resolution
Affiliated units
- International Arbitration Centre
- Institute of Economic Legislation
- Compliance and Governance Authority
The Infrastructure and Logistics Council
Specialises in
- Ports and airports
- Railways
- Trade corridors
- Smart cities
- Supply chains
- International logistics services
Affiliated units
- International Transport Authority
- Urban Planning Centre
- Freight and Storage Platform
The Afro-Asian Union Council for Education and Human Development
Areas of focus
- Serious investment in academic, professional, and human development through the establishment of universities and institutes
- Academic coordination and mutual recognition of degree equivalence, and student and scientific exchange
- Curriculum development and quality and accreditation standards
- Supporting scientific research and joint publication
- Digital transformation and smart education
Purpose
- Drawing educational policies and developing higher education and scientific research between the two continents