Business in Guinea-Conakry

The objectives of the subject “International Trade and Business in Guinea” are the following:

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

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

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

Doctorate: African Business, World Trade.

Business in West Africa.

Area of Knowledge: Africa.

Languages: or Guinée-Conakry Guiné-Conacri Guinea-Conakry.

1. Credits of the subject “Doing Business in Guinea-Conakry”: 1
2. Duration: one week

Trade Agreements and preferential access of Guinea-Conakry

1. Guinea-Conakry and the West African Economic Area
2. Economic Community of West African States (ECOWAS)
3. West African Monetary Zone (WAMZ)
4. African Continental Free-Trade Area
5. Mano River Union
6. Niger Basin Authority
7. Organization for the Development of the Senegal River
8. Community of Sahel-Saharan States (CEN-SAD)
9. The EU:
   1. Africa-EU Partnership
   2. GSP
10. AGOA
11. OHADA
12. Islamic Trade Preferential System
13. Arab Bank for Africa (BADEA)
14. Global System of Trade Preferences (GSTP)

1. WTO
   1. GATS
   2. Trade Facilitation Agreement
   3. Agreement on the Application of Sanitary Measures
   4. Agreement on Technical Barriers to Trade
   5. Agreement on Preshipment Inspection
   6. Agreement on Safeguards
2. WCO
   1. Kyoto Convention
3. Rotterdam Rules
4. Hamburg Rules (Sea)

1. Economic Commission for Africa
2. African Union
   1. Africa Agriculture Development Programme
   2. African Union Convention on Preventing and Combating Corruption
   3. AUDA-NEPAD
3. African Development Bank
4. Africa-Asia Partnership
5. Africa-Korea Partnership
6. Africa-Japan Cooperation
7. Africa-India Cooperation

1. Afro-Arab Cooperation
2. BADEA
3. Islamic Development Bank
4. Organization of Islamic Cooperation

1. UN
2. WB
3. WTO
4. IMF

The Republic of Guinea-Conakry (Africa).

1. Borders of Guinea-Conakry: Guinea-Bissau, Senegal, Mali, Ivory Coast, Liberia, and Sierra Leone
2. Independence of Guinea-Conakry: 1958 (France)
3. Guinean population: 10 million people
4. Only 41% of adults were literate in 2010
5. Area of Guinea-Conakry: 245,857 km²
6. Guinean Capital: Conakry (2.7 million).
   1. Port of Guinea
7. Guinean largest cities: Conakry, Kankan, Nzérékoré and Guéckédou
8. Official language of Guinea-Conakry: French
9. President of Guinea-Conakry: Alpha Conde
10. Ebola virus crisis in 2014

More information about Guinea (EENI African Business Portal).

Main Religions in Guinea-Conakry:

1. Islam (85% of the Guinean population)
2. African Traditional Religions

Guinea-Conakry belongs to the West African Economic Area.

Guinean Economy

1. 66% of the bauxite deposits in the World
2. Largest iron ore deposits
   1. Simandou: The largest undeveloped iron ore
3. Currency of Guinea-Conakry: Guinean Franc (GNF)
4. Guinean GDP growth: 2%
   1. Agriculture (13%)
   2. Industry (48%)
   3. Services (39%)
5. Inflation in Guinea-Conakry: 9.9%
6. Most Guinean dynamic sectors: agriculture and construction
7. Stabilization of the Guinean Economy
8. Deficit and external debt reduction
9. Declining in mining sector (gold, diamonds, and alumina)
10. Poor business environment
11. Top exports of Guinea-Conakry: bauxite, alumina, gold, diamonds, coffee, and fish
12. Top Guinean trade partners: Ivory Coast, France, South Korea, Spain, Ireland, and the U.S.

(Foreign Trade and Business in Guinea-Conakry):

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