Trade and Business in the Gambia

The objectives of the subject “Foreign Trade and Business in the Republic of the Gambia” are the following:

1. To analyze the Gambian Economy and Foreign Trade (Import, Export, FDI);
2. To know the business opportunities in the Republic of the Gambia;
3. To explore the Gambian trade relations with the country of the student;
4. To know the Gambian Free Trade Agreements;
5. To develop a business plan for the Gambian Market.

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

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

Diploma: Business in West Africa.

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

Learning materials in or Gambie Gambia Gambia.

1. Credits of the subject “Foreign Trade and Business in The Gambia”: 1 ;
2. Duration: one week.

Area of Knowledge: Africa.

1. Access to the Port of Dakar;
2. Dakar-Gambia-Lagos Corridor.

Gambian Preferential Access and Free Trade Agreements:

1. Gambia and the West African Economic Area;
2. West African Monetary Zone (WAMZ);
3. African Continental Free-Trade Area (AfCFTA);
4. Economic Community of West African States (ECOWAS);
5. Community of Sahel-Saharan States (CEN-SAD);
6. European Union-Gambia:
   1. Generalized System of Preferences (GSP);
   2. Africa-European Union Strategic Partnership (Cotonou Agreement).
7. African Growth and Opportunity Act (AGOA United States);
8. Islamic Trade Preferential System (TPS-OIC).

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).
3. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention).
7. ECOWAS Regional Road Transport and Transit Facilitation Programme;
8. Customs Convention on Containers (CCC, UN) - not a member.

African Trade and Economic Organizations:

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

Islamic Organizations:

1. Afro-Arab Cooperation;
2. Arab Bank for Economic Development in Africa (BADEA);
3. Islamic Development Bank (IsDB);
4. Organization of Islamic Cooperation (OIC).

Global Organizations:

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

1. Area of The Gambia: 11,365 square kilometers;
2. Gambian population: 1.75 million (40% of the population between 0-14, 40% of the Gambian population is literate)
   1. Mandinka;
   2. Soninke.
3. Borders of The Gambia: Senegal;
4. Capital of The Gambia: City of Banjul;
5. Largest Gambian city: Serrekunda;
6. Official language of The Gambia: English and different Gambian languages (Mandinka, Wollof, Fula, Jola);
7. Currency of The Gambia: Dalasi;
8. Independence of The Gambia from the United Kingdom: 1965.

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

Main religions in The Gambia:

1. Islam (90% of The Gambian Population);
2. African Traditional Religions;
3. Christianity (8%).

Gambia belongs to the West African Economic Area (African Civilization).

The Gambian Economy:

1. The Gambia is a Market-based economy;
2. Continued growth rate of 5-6% in the past six years;
3. Gambian services sector: 58% of the Gambian GDP;
4. Fasting Gambian growing sector: tourism (16% of the GDP);
5. Gambian agricultural sector: 22% of the GDP.
   1. 80% of the labour force.
6. Vision of the Government: “to become an export-oriented agricultural country”;
7. Gambian Inflation: 5.7%;
8. Top Gambian export markets: the European Union (EU), China, and India;
9. Top export products: peanuts, fish, cotton, and palm kernels;
10. Top exporter countries to the Gambia: China, Senegal, Brazil, the United Kingdom, India, and Indonesia;
11. FDI stock in the Gambia: 675 million dollars;
12. Main Gambian port: Port of Banjul;
13. Export Promotion and Zone Investor Incentives. Tax Holiday;
14. Mobile operators in the Gambia: Africell, Comium, Gamcel, and Qcel.

(c) EENI Global Business School (1995-2022)
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