Doing Business in Eritrea
EENI - Business School.
Subject (Course): International Trade and Business in the State of Eritrea. Asmara.
- Introduction to the State of Eritrea (East Africa).
- Doing Business in Asmara.
- Eritrean Economy.
- International Trade of Eritrea
- Introduction to Arabic
- Access to the Eritrean Market
- Business Plan for Eritrea
Objectives of the subject “Doing Business in the State of Eritrea”:
- To analyse the Eritrean economy and foreign trade
- To evaluate business opportunities in Eritrea
- To explore Eritrea's trade relations with the student's country
- To know Eritrea's Free Trade Agreements (FTAs)
Sample of the subject - Doing Business in Eritrea:
Subject Description: Foreign Trade and Business in Eritrea.
The State of Eritrea.
Eritrea: an economy based on subsistence agriculture.
Exporter of textiles and clothing.
- Asmara is the capital of the State of Eritrea (579,000 people).
- Tigrinya and Arabic are official languages
- Borders of Eritrea: Sudan, Ethiopia, and Djibouti
- Eritrean Population: 4.6 millions of people.
- Area: 121,320 square kilometres
- The state of Eritrea became independent from Ethiopia in 1993
- The Government: Republic-party
- The currency of Eritrea: Nakfa (ERN)
Religion in Eritrea:
- Christians (63%, mainly Orthodox)
- Islam (37%, Sunni Muslim)
Eritrea belongs to the East African Economic Area of the African Civilisation.
- The economy of the State of Eritrea (Africa) is mostly based on subsistence agriculture (80% of the population of Eritrea is implicated in farming and herding).
- Textiles and clothing, processed meat, beer, shoes, and ceramics are the largest industrial products of the Eritrean Economy.
- The main Eritrean mineral resources: granite, marble, silver, copper, gold, and zinc.
Eritrea has preferential access to:
- Community of Sahel-Saharan States (CEN-SAD)
- Common Market for Eastern and Southern Africa (COMESA)
- COMESA-EAC-SADC Free Trade Agreement (FTA)
- Eritrea COMESA-United States Trade and Investment Agreement
- Intergovernmental Authority on Development (IGAD)
- Generalised System of Preferences (GSP)
- Cotonou Agreement
- African Growth and Opportunity Act (AGOA)
The State of Eritrea is a member of:
- African Development Bank
- Economic Commission for Africa (ECA)
- African Union (AU)