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.

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. Economic Community of West African States (ECOWAS)
3. African Continental Free-Trade Area
4. Community of Sahel-Saharan States (CEN-SAD)
5. AGOA (U.S.)
6. EU-Cape Verde:
   1. Africa-EU Partnership
   2. GSP
   3. Special Partnership Agreement (SPA) with the EU

1. WTO
   1. 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. Kyoto Convention

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

1. African Development Bank
2. Economic Commission for Africa
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

1. WCO
2. UN
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.

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
14. 90% of the food is imported

(c) EENI Global Business School (1995-2023)
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