 Business in Cape Verde, Praia
Syllabus of the Subject: Foreign Trade and Business in Cape Verde
- Introduction to the Republic of Cape Verde (West Africa)
- Doing Business in Praia
- Cape Verdean Economy
- Tourism sector
- Foreign Trade (Import, Export) of Cape Verde
- Business and Investment Opportunities in Cape Verde
- Cape Verde Investments
- Access to the Cape Verdean Market
- Business Plan for Cape Verde
The aims of the Subject “Foreign Trade and Business in Cape Verde” are the following:
- To analyse the Cape Verdean Economy and Foreign Trade (Import, Export, FDI)
- To know the business opportunities in Cape Verde
- To explore the Cape Verdean trade relations with the country of the student
- To know the Cape Verdean Free Trade Agreements
- To develop a business plan for the Cape Verdean Market
Sample of the Subject - Doing Business in Cape Verde:

Description of the Subject: Foreign Trade and Business in Cape Verde.
Cape Verde: one of the World's fastest growing tourism sector
Cape Verdean Preferential trade agreements:
- Cape Verde and the West African Economic Area
- Economic Community of West African States (ECOWAS)
- African Continental Free-Trade Area (AfCFTA)
- Community of Sahel-Saharan States (CEN-SAD)
- African Growth and Opportunity Act (AGOA)
- European Union-Cape Verde:
- Africa-European Union Strategic Partnership
- Generalised System of Preferences (GSP)
- Special Partnership Agreement (SPA) with the EU
International Trade Facilitation Programs
- World Trade Organisation (WTO)
- WTO General Agreement on Trade in Services (GATS)
- WTO Agreement on the Application of
Sanitary and Phytosanitary Measures (SPS)
- WTO Agreement on Technical Barriers to Trade (TBT)
- WTO Agreement on Preshipment Inspection (PSI)
- WTO Agreement on Safeguards (SG)
- WTO Trade Facilitation Agreement (TFA)
- World Customs Organisation (WCO)
- Revised Kyoto Convention (RKC)

African Trade and Economic Organisations. Cape Verde is a member of:
- African Development Bank (AfDB)
- Economic Commission for Africa (ECA)
- African Union (AU)
- African Union Development Agency (AUDA-NEPAD)
-
Comprehensive Africa Agriculture Development Programme (CAADP)
-
African Union Convention on Preventing and Combating Corruption (not signed)
- Africa-Asia Strategic Partnership (NAASP)
- Forum on China-Africa
Cooperation
- Africa-India
Framework for Cooperation
- Africa-BRICS (Brazil, Russia, India, China, South Africa)
- Africa-Turkey Partnership
- Afro-Arab Cooperation
- Arab Bank for Economic Development in Africa (BADEA)
- Africa-Korea Partnership
- Africa-Japan Cooperation (TICAD)
- Africa-South America Summit (ASA)
Global Organisations
- World Customs Organisation (WCO)
- United Nations (UN)
- Conference on Trade and Development (UNCTAD)
- International Trade Centre (INTRACEN)
- World Intellectual Property Organisation (WIPO)
- World Bank (WB)
- World Trade Organisation (WTO)
- International Monetary Fund (IMF)
The Republic of Cape Verde:
- Archipelago formed by ten Islands (Atlantic Ocean)
- Capital of Cape Verde: Praia
- Area of Cape Verde: 4,033 square kilometres
- Cape Verdean population: 491,000 inhabitants
- Life expectancy: 70 years
- Cape Verdean Official language: Portuguese
- Cape Verdean language:
Creole
- Politics: Democratic Semi-Presidential with multiparty system
- Nearest countries (by sea) to Cape Verde: Senegal, the Gambia, Guinea
Bissau, Mauritania, and Spain (Canaries)
- Independence of Cape Verde: 1975 (Portugal)
More information about Cape Verde
(African Portal - EENI Global Business School).

Main religions in Cape Verde:
- Christianity - Catholicism (90% of the Cape Verdean population).
- African Traditional Religions
Cape Verde belongs to the West African Economic Area (African Civilisation).
Economy of Cape Verde (Africa):
- Leading in civil liberties, political rights, and stability in Africa (Freedom House Report)
- Uncorrupt bureaucracy
- Service oriented economy
- The main sectors of the Cape Verdean economy are services (70% of the GDP, mainly tourism), agriculture (bananas, potatoes, sugar-cane, coffee, and peanuts), fish, and textiles
- Industry sector: 8% of the Cape Verdean GDP
- Informal sector: 70% of jobs/25% of the GDP
- Cape Verdean GDP growth: 3.1%
- Inflation in Cape Verde: 1.8%
- Main
trade partners of Cape Verde: Euro-Zone countries (mainly Portugal)
- Currency of Cape Verde: the Cape Verdean Escudo (peg to the euro)
- Special regime for SME
- Existence of Free-Zone Enterprises
- Open to Foreign direct investment (FDI)
- 90% of the food is imported

(c) EENI Global Business School (1995-2021)
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