Trade and 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 Foreign Trade (Import, Export, FDI);
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 Free 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 (DIB): African Business, Islamic Business, World Trade.

Diploma: Business in West Africa.

Masters (MIB): 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. West African Economic and Monetary Union (WAEMU);
4. Community of Sahel-Saharan States (CEN-SAD);
5. African Continental Free-Trade Area (AfCFTA);
6. Guinea-Bissau - United States
   1. African Growth and Opportunity Act (AGOA);
   2. West African Economic and Monetary Union (WAEMU)-U.S. Trade and Investment Framework Agreement.
7. Guinea-Bissau - European Union:
   1. Africa-European Union Strategic Partnership (Cotonou Agreement);
   2. Generalized System of Preferences (GSP).
8. Organization for the Harmonization of Business Law in Africa (OHADA);
9. Arab Bank for Economic Development in Africa (BADEA).

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. 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 (RKC).

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. Comprehensive Africa Agriculture Development Programme (CAADP);
   2. African Union Convention on Preventing and Combating Corruption;
   3. 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. Afro-Arab Cooperation;
2. Arab Bank for Economic Development in Africa (BADEA);
3. Organization of Islamic Cooperation (OIC);
4. Islamic Development Bank (IsDB).

Global Organizations:

1. Community of Portuguese Speaking Countries;
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. World Trade Organization (WTO);
5. International Monetary Fund (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%.

Sample:
Foreign Trade and Business in Guinea-Bissau:

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