Doing Business in Cape Verde

The aims of the subject “Foreign Trade and Business in Cape Verde” are the following:

1. To analyze the Cape Verdean Economy and Global Trade;
2. To know the business opportunities in Cape Verde;
3. To explore the Cape Verdean trade relations with the country of the student;
4. To know the Cape Verdean Trade Agreements;
5. To develop a business plan for the Cape Verdean Market.

The Subject “Foreign Trade and Business in Cape Verde” belongs to the following Online Programs taught by EENI Global Business School:

Masters: Business in Africa, International Business, Foreign Trade.

Doctorate: African Business, World Trade.

Course: Business in West Africa.

Languages: or Cap Verd Cabo Verde Cabo Verde.

Area of Knowledge: Africa.

Cape Verdean Preferential trade agreements:

1. Cape Verde and the West African Economic Area;
2. ECOWAS;
3. African Continental Free-Trade Area;
4. CEN-SAD;
5. AGOA (U.S.);
6. EU-Cape Verde:
   1. Africa-EU Strategic Partnership;
   2. Generalized System of Preferences (GSP);
   3. Special Partnership Agreement (SPA) with the EU.

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.

African Trade and Economic Organizations. Cape Verde is a member of:

1. African Development Bank;
2. Economic Commission for Africa (ECA);
3. African Union
   1. AUDA-NEPAD;
   2. Africa Agriculture Development Programme;
   3. African Union Convention on Preventing and Combating Corruption (not signed).
4. Africa-Asia Partnership;
5. China-Africa Cooperation;
6. Africa-India Cooperation;
7. Africa-BRICS;
8. Africa-Turkey Partnership;
9. Afro-Arab Cooperation;
10. BADEA;
11. Africa-Korea Partnership;
12. Africa-Japan Cooperation;
13. Africa-South America Summit.

Global Organizations:

1. WCO;
2. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
3. WB;
4. WTO;
5. IMF.

The Republic of Cape Verde:

1. Archipelago formed by ten Islands (Atlantic Ocean);
2. Capital of Cape Verde: Praia;
3. Area of Cape Verde: 4,033 km²;
4. Cape Verdean population: 491,000 inhabitants;
5. Life expectancy: 70 years;
6. Cape Verdean Official language: Portuguese;
7. Cape Verdean language: Creole;
8. Politics: Democratic Semi-Presidential with multiparty system;
9. Nearest countries (by sea) to Cape Verde: Senegal, the Gambia, Guinea Bissau, Mauritania, and Spain (Canaries);
10. Independence of Cape Verde: 1975 (Portugal).

More information about Cape Verde (EENI African Business Portal).

Main religions in Cape Verde:

1. Christianity - Catholicism (90% of the Cape Verdean population);
2. African Traditional Religions.

Cape Verde belongs to the West African Economic Area (African Civilization).

Economy of Cape Verde (Africa):

1. Leading in civil liberties, political rights, and stability in Africa (Freedom House Report);
2. Uncorrupt bureaucracy;
3. Service oriented economy;
4. 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;
5. Industry sector: 8% of the Cape Verdean GDP;
6. Informal sector: 70% of jobs/25% of the GDP;
7. Cape Verdean GDP growth: 3.1%;
8. Inflation in Cape Verde: 1.8%;
9. Main trade partners of Cape Verde: Euro-Zone countries (mainly Portugal);
10. Currency of Cape Verde: the Cape Verdean Escudo (peg to the euro);
11. Special regime for SME;
12. Existence of Free-Zone Enterprises;
13. Open to Foreign direct investment (FDI);
14. 90% of the food is imported.

(c) EENI Global Business School (1995-2023)
We do not use cookies
Top of this page