Doing 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 Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, Islamic Business, World Trade.

Course: Business in East Africa.

Masters (MIB): International Business Africa.

Learning materials in or Comores Comoras Comoras.

Credits of the subject “Foreign Trade and 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. European Union-SADC Free Trade Agreement (FTA).
4. COMESA-EAC-SADC Free Trade Agreement (FTA);
5. African Continental Free-Trade Area (AfCFTA);
6. Indian Ocean Commission (IOC);
7. European Union-Comoros:
   1. Africa-European Union Strategic Partnership;
   2. Generalized System of Preferences (GSP).
8. United States-Comoros:
   1. AGOA United States-Africa;
   2. COMESA-United States Trade and Investment Framework Agreement.
9. Community of Sahel-Saharan States (CEN-SAD);
10. Indian-Ocean Rim Association (IORA);
11. Organization for the Harmonization of Business Law in Africa (OHADA);
12. Islamic Trade Preferential System (TPS-OIC);
13. Greater Arab Free-Trade Area (GAFTA) - not a member.

1. World Trade Organization (WTO) (in process of accession);
2. International Maritime Organization (IMO);
3. International Civil Aviation Organization (ICAO, Chicago Convention);
4. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption;
   2. African Union Development Agency (AUDA-NEPAD).
3. African Development Bank (AfDB);
4. Africa-Asia Strategic Partnership (NAASP);
5. Africa-Korea Partnership;
6. Africa-Japan Cooperation (TICAD);
7. Africa-South America Summit (ASA);
8. Forum on China-Africa Cooperation;
9. Africa-India Framework for Cooperation;
10. Africa-BRICS (Brazil, Russia, India, China, South Africa);
11. Africa-Turkey Partnership.

Islamic Organizations:

1. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Islamic Centre for Development of Trade (ICDT);
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
2. Arab League (LAS);
3. Afro-Arab Cooperation;
4. Arab Bank for Economic Development in Africa (BADEA);
5. Asia-Middle East Dialogue;
6. Summit of South American-Arab Countries;
7. Arab Development Funds;
8. Islamic Development Bank (IsDB).

Global Organizations:

1. International Organization of the Francophonie;
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. International Monetary Fund (IMF);
5. ...

The Union of the Comoros:

1. Moroni is the capital of the Comoros (47,000);
2. Comorian population: 889,000 people
   1. Bantu.
3. Area of the Comoros: 2,236 square kilometers;
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 (African Civilization).

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 gross domestic product, 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 European Union, and the Emirates;
10. 100% tariff reduction on imports from the members of the Common Market for Eastern and Southern Africa (COMESA).

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