Business in the Central African Republic

The aims of the subject “Foreign Trade and Business in the Central African Republic” are the following:

1. To analyze the Central African Economy and International Trade;
2. To know the business opportunities in the Central African Republic;
3. To explore the Central African trade relations with the country of the student;
4. To know the Central African Trade Agreements;
5. To examine the profile of Central African Companies;
6. To develop a business plan for the Central African Market.

The Subject “Foreign Trade and Business in the Central African Republic” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): Business in Africa, Transport in Africa, International Business, Foreign Trade, International Transport.

Doctorate (DIB): African Business, World Trade.

Course: Business in Central Africa.

Learning materials in ( République centrafricaine Centroafricana Centro-africana).

1. Credits of the subject “Foreign Trade and Business in the Central African Republic”: 1 ;
2. Duration: one week.

Transport and Logistics in the Central African Republic

1. Nearest Ports:
   1. Port of Douala (Cameroon);
   2. Port of Pointe Noire (Congo).
2. Trans-African corridors;
   1. Lagos-Mombasa Corridor;
   2. Tripoli-Windhoek.

Trade Agreements and Preferential Access of the Central African Republic:

1. The Central African Republic and the Central African Economic Area;
2. Economic Community of Central African States (ECCAS);
3. Central African Economic and Monetary Community (CEMAC);
4. Community of Sahel-Saharan States (CEN-SAD);
5. African Continental Free-Trade Area (AfCFTA);
6. European Union-Central African Republic
   1. Generalized System of Preferences (GSP);
   2. Africa-European Union Strategic Partnership (Cotonou Agreement).
7. United States-Central African Republic
   1. African Growth and Opportunity Act (AGOA).
8. International Conference on the Great Lakes Region (ICGLR);
9. Organization for the Harmonization of Business Law in Africa (OHADA);
10. Arab Bank for Economic Development in Africa (BADEA).

Trade Facilitation Programs.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).

African Trade and Economic Organizations. The Central African Republic is a member of:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption (not signed);
   2. African Union Development Agency (AUDA-NEPAD).
3. African Development Bank (AfDB);
4. Forum on China-Africa Cooperation;
5. Africa-India Framework for Cooperation;
6. Africa-BRICS (Brazil, Russia, India, China, South Africa);
7. Africa-Turkey Partnership;
8. Africa-Asia Strategic Partnership (NAASP);
9. Africa-Korea Partnership;
10. Africa-Japan Cooperation (TICAD);
11. Africa-South America Summit (ASA);
12. Afro-Arab Cooperation;
13. Arab Bank for Economic Development in Africa (BADEA).

Global Organizations:

1. Organization of Islamic Cooperation (OIC) - Observer State
   1. Standing Committee for Economic and Commercial Cooperation (COMCEC) - observer country.
2. International Organization of Francophonie;
3. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
4. World Bank (WB);
5. World Trade Organization (WTO);
6. International Monetary Fund (IMF).

Central African Republic

1. The Central African Republic (Africa) reached the limit of the Heavily Indebted Poor Countries Initiative;
2. Poverty is a real phenomenon in the Central African Republic: 67% of the population (2,618,000 people) lives below the poverty line;
3. Main cities in the Central African Republic: Bangui (capital), Bimbo, Mbaiki, Berbérati, Carnot, and Bambari Bouar;
4. Official languages of the Central African Republic: French and Sango;
5. Central African Population: 5.1 million people
   1. Bantu.
6. Area of the Central African Republic: 623,000 square kilometers;
7. Independence of the Central African Republic: 1960 (France);
8. Neighboring countries: Sudan, South Sudan, Chad, Cameroon, the Republic of the Congo, and the Democratic Republic of the Congo.

More information: The Central African Republic (EENI African Business Portal).

Religion in the Central African Republic.

1. African Traditional Religions;
2. Christianity:
   1. Catholicism (0.9 million);
   2. Protestants (0.9 million).
3. Islam.

The Central African Republic belongs to the Central African Economic Area (African Civilization).

Economy of the Central African Republic.

1. Serious political crisis in the Central African Republic: Transition Framework (self-proclaimed President);
2. Inflation in the Central African Republic: 6.5%;
3. Central African Currency: CFA;
4. Most dynamic sector in the Central African Republic: new technologies;
5. Mining potential: diamonds, gold, uranium, iron, and petrol;
6. Agriculture accounts for 55% of the GDP in the Central African Republic;
7. Main crops in the Central African Republic: cassava, plantain, maize (corn), coffee, cotton, and snuff;
8. The Northwest and Centre of the Central African Republic represents a significant agricultural region for the cotton crops and sugar-cane;
9. Forestry in the Central African Republic contributes significantly to the Central African gross domestic product, with extensive tropical timber resources;
10. Mining (gold) represents another important resource for the Central African Republic regarding the export earnings: official diamond jewellery production (mostly artisanal) was 500,000 carats annually;
11. The Industrial base is almost non-existent and has not been sufficiently developed in comparison with the neighboring countries (such as Cameroon).

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