Doing Business in the Comoros
EENI - Business School.
Subject (Course): International Trade and Business in the Comoros - Moroni
- Introduction to the Union of the Comoros (East Africa).
- Doing Business in Moroni.
- Comorian Economy.
- International Trade of the Comoros
- Business and Investment Opportunities in the Comoros
- Tourism sector
- Agriculture and food industries
- Fishing sector
- Transport and infrastructure
- Comoros’ Investment Promotion Agency
- Introduction to French and Arabic
- Access to the Comorian Market
- Business Plan for the Comoros
Objectives of the subject “Doing Business in the Union of the Comoros”:
- To analyse the Comorian economy and foreign trade
- To evaluate business opportunities in the Comoros
- To explore Comoros' trade relations with the student's country
- To know Comoros' Free Trade Agreements (FTAs)
- To develop a business plan for the Comorian Market
Sample of the subject - Doing Business in the Comoros:
Subject Description (Doing Business in the Comoros).
Vanilla: 75% of the Comorian exports.
50% of Comorian live below the international poverty line of USD 1.25 a day.
The Union of the Comoros:
- Moroni is the capital of the Comoros (47,000)
- Comorian population: 889,000 people
- Area: 2,236 square kilometres
- Comorian official languages: Arabic, French, and Comorian (Influences of Swahili)
- The nearest countries of the Union of the Comoros: Mozambique, Tanzania, Madagascar, and Seychelles
- A crime-free nation
The main religion of the Comoros: Islam
The Comoros belongs to the East African Economic Area of the African Civilisation.
- 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.
- Vanilla and cloves account for 75% of the exports of the Union of the Comoros.
- Agriculture contributes 40% to gross domestic product, employs 80% of the labour force, and provides most of the exports revenues
- Union of the Comoros has an inadequate transport system, a young and quickly increasing
population, and few natural resources.
- The industrial zone in the Port of Moroni
- Comorian GDP growth: 3.6%
- Top economic sectors: agriculture (50% of GDP), retail, tourism, construction
- Telecommunications is a state monopoly
- Top trading partners: Turkey, Singapore, India, the European Union, and the Emirates
- 100% tariff reduction on imports from members of the Common Market for Eastern and Southern Africa (COMESA)
The nearest ports:
- Port of Mombasa (Kenya)
- Port of Toamasina (Madagascar)
- Port of Dar Es Salaam (Tanzania)
- Port of Nacala (Mozambique)
Comoros' Preferential Trade Agreements:
- Common Market for Eastern and Southern Africa (COMESA)
- COMESA-EAC-SADC Free Trade Agreement (FTA)
- AGOA United States-Africa
- Indian Ocean Commission (IOC)
- The EU: Cotonou Agreement - Generalised System of Preferences (GSP)
- COMESA-United States Trade and Investment Framework Agreement
- Indian-Ocean Rim Association (IORA)
The Union of the Comoros is a member of:
- Organisation for the Harmonisation of Business Law in Africa (OHADA)
- African Union (AU) - Convention on Preventing and Combating Corruption
- Organisation of Islamic Cooperation (OIC)
- Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
- Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC)
- Islamic Chamber of Commerce and Industry
- Islamic Centre for the Development of Trade
- Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
- Arab League - the Afro-Arab cooperation - Arab Bank for Economic Development in Africa (BADEA)
- African Development Bank
- Asia-Middle East Dialogue
- Summit of South American-Arab
- Arab Development Funds
- Economic Commission for Africa (ECA)
- New Partnership for Africa's Development (NEPAD)
- Islamic Development Bank
- Africa (The Comoros) - BRICS
- Africa (The Comoros) - Asia Strategic Partnership
- United Nations (UN), World Bank (WB), International Monetary Fund (IMF), Forum Africa-China, Forum Africa-India,
Trade Preferential System OIC: