Doing Business in Guinea-Bissau

The purposes of the subject “Foreign Trade and Business in the Republic of Guinea-Bissau” are the following:

1. To analyze the Bissau-Guinean Economy and Global Trade;
2. To know the business opportunities in the Republic of Guinea-Bissau;
3. To explore the Bissau-Guinean trade relations with the country of the student;
4. To know the Bissau-Guinean Trade Agreements;
5. To develop a business plan for the Bissau-Guinean Market.

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

Doctorate: African Business, Islamic Business, World Trade.

Course: Business in West Africa.

Masters: Business in Africa, Transport in Africa, International Business, Foreign Trade.

Learning materials in or Guinée Bissau Guinée-Bissau Guinea-Bissau.

Credits of the subject “Foreign Trade and Business in Guinea-Bissau”: 1

Area of Knowledge: Africa.

Bissau-Guinean Preferential Access and Free Trade Agreements:

1. Guinea-Bissau and the West African Economic Area;
2. Economic Community of West African States (ECOWAS);
3. WAEMU;
4. CEN-SAD;
5. African Continental Free-Trade Area (AfCFTA);
6. Guinea-Bissau - United States
   1. AGOA (US);
   2. West African Economic and Monetary Union (WAEMU)-U.S. Trade and Investment Framework Agreement.
7. Guinea-Bissau - European Union:
   1. Africa-EU Strategic Partnership;
   2. Generalized System of Preferences (GSP).
8. OHADA;
9. Arab Bank for Economic Development in Africa (BADEA).

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (Rotterdam Rules, UN);
3. Is not a member of the World Customs Organization (WCO)
   1. Revised Kyoto Convention.

African Trade and Economic Organizations:

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

Islamic Organizations:

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

Global Organizations:

1. Community of Portuguese Speaking Countries;
2. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
3. WB;
4. WTO;
5. IMF.

The Republic of Guinea-Bissau

1. Bissau-Guinean Population: 1.5 million people
   1. Mandinka.
2. The official language of Guinea-Bissau is Portuguese (only 14% speak Portuguese) and Creole;
3. Capital of Guinea-Bissau: Bissau (400,000);
4. Bissau-Guinean largest cities: Bissau, Bafatá, Gabú, Bissorã, Bolama;
5. Borders of Guinea-Bissau: Senegal and Guinea;
6. Total area of Guinea-Bissau: 36,120 square kilometers;
7. Independence of Guinea-Bissau from Portugal: 1973.

More information about Guinea-Bissau (EENI African Business Portal).

Main religions in Guinea-Bissau:

1. African Traditional Religions;
2. Christianity;
3. Islam (50% of the Bissau-Guinean population, 0.7 million).

Guinea-Bissau belongs to the West African Economic Area (African Civilization).

Economy of Guinea-Bissau:

Economic growth in the Republic of Guinea-Bissau (Africa) picked up slightly to 3.6% thanks to higher international prices of cashew nut, sustained private housing construction, and major infrastructure projects.

1. The impact of the global economic crisis in the Republic of Guinea-Bissau felt principally through the lower Government export revenues and remittances, has been alleviated by a strong increase in the global demand for cashew nuts;
2. Guinea-Bissau is one of the ten world's poorest countries;
3. Bissau-Guinean agriculture: 12% of the total area of the Republic of Guinea-Bissau (38.4% is pasture, Forests 38.1%);
4. The Republic of Guinea-Bissau makes most of its turnover with cashew nuts exports;
5. Main harvests in Guinea-Bissau: bananas, little mango flavor;
6. Guinea-Bissau has many natural resources, whose reserves are scarcely exploited (phosphates, bauxite, and petroleum);
7. High traffic of arms and drugs;
8. Military coup in 2012;
9. Bissau-Guinean GDP growth: 2.8%.

Global Trade and Business in Guinea-Bissau:

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