Business in the Comoros

The objectives of the subject “International Trade and Business in the Union of the Comoros” are the following:

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

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

Doctorate: African Business, World Trade.

Business in East Africa.

Masters: International Business Africa.

Languages: or Comores Comoras Comoras.

Credits of the subject “Doing Business in the Comoros”: 1

1. Port of Mombasa (Kenya)
2. Port of Toamasina (Madagascar)
3. Port of Dar es-Salaam (Tanzania)
4. Port of Nacala (Mozambique)

Comorian Preferential Trade Agreements:

1. The Comoros and the East African Economic Area
2. Common Market for Eastern and Southern Africa (COMESA)
3. Southern African Development Community (SADC) (2017)
   1. EU-SADC FTA
4. COMESA-EAC-SADC Agreement
5. African Continental Free-Trade Area
6. Indian Ocean Commission (IOC)
7. EU-Comoros:
   1. Africa-EU Partnership
   2. GSP
8. The U.S.-Comoros:
   1. AGOA United States-Africa
   2. COMESA-U.S. Agreement
9. Community of Sahel-Saharan States (CEN-SAD)
10. Indian-Ocean Rim Association
11. OHADA
12. Islamic Trade Preferential System
13. Greater Arab Free-Trade Area (GAFTA) - not a member

1. WTO (in process of accession)
2. International Maritime Organization
3. Chicago Convention (ICAO)
4. WCO
   1. Kyoto Convention

1. Economic Commission for Africa
2. African Union
   1. AU Convention on Combating Corruption
   2. AUDA-NEPAD
3. African Development Bank
4. Africa-Asia Partnership
5. Africa-Korea Partnership
6. Africa-Japan Cooperation
7. Africa-South America Summit
8. Africa-BRICS
9. Africa-Turkey Partnership

1. OIC
   1. Committee for Economic Cooperation
   2. Islamic Chamber of Commerce
   3. Islamic Centre for Development of Trade
   4. Statistical Economic Centre for Islamic Countries
2. Arab League
3. Afro-Arab Cooperation
4. BADEA
5. Asia-Middle East Dialogue
6. Summit of South American-Arab Countries
7. Arab Development Funds
8. Islamic Development Bank

1. OIF
2. UN
3. WB
4. IMF
5. ...

The Union of the Comoros:

1. Moroni is the capital of the Comoros (47,000)
2. Comorian population: 889,000 people
3. Area of the Comoros: 2,236 km²
4. Comorian official languages: Arabic, French, and Comorian (Swahili influences)
5. The nearest countries of the Union of the Comoros are Mozambique, Tanzania, Madagascar, and Seychelles
6. A crime-free nation
7. Independence of the Comoros from France in 1975

More information: The Comoros (EENI African Business Portal).

Main religion in the Comoros: Islam.

The Comoros belongs to the East African Economic Area.

Comorian Economy:

1. The economy of the Union of the Comoros relies mainly on the agricultural sector and has a narrow export base with three export commodities: vanilla, cloves, and ylang-ylang
2. Vanilla and cloves account for 75% of the Comorian exports
3. The agriculture contributes 40% to the GDP, employs 80% of the labour force, and provides the largest exports revenues
4. The Union of the Comoros has an inadequate transport system, a young and quickly increasing the population, and few natural resources
5. Industrial zone in the Port of Moroni
6. Comorian GDP growth: 3.6%
7. Top economic sectors: agriculture (50% of the Comorian GDP), retail, tourism, construction
8. Telecommunications is a state monopoly
9. Top trading partners of the Comoros: Turkey, Singapore, India, the EU, and the Emirates
10. 100% tariff reduction on imports from the members of the COMESA

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