India and African nations have set up a bilateral trade target of 90 billion US dollars to be achieved by 2015. The decision was taken between the Commissioner for Economic Affairs, African Union Commission, Dr. Maxwell M. Mkwezalamba and the Commerce Minister, Mr. Anand Sharma in New Delhi. India-Africa Business Council, IABC, was also launched on the occasion. It will suggest the way forward on enhancing economic and commercial relations between India and Africa and also identify and address issues which hinder growth of economic partnership between the two. The core sectors of cooperation identified include Agriculture, Manufacturing, Pharmaceuticals, Textiles, Mining, Petroleum and Natural Gas, Information Technology and Information Technology Enabled Services.