Business in Ivory Coast

The objectives of the subject “International Trade and Business in Ivory Coast (Côte d’Ivoire)” are the following:

1. To analyze the Ivorian Economy and Global Trade
2. To know the business opportunities in Ivory Coast
3. To explore the Ivorian trade relations with the country of the student
4. To know the Ivorian Trade Agreements
5. To examine the profile of Ivorian Companies
6. To develop a business plan for the Ivorian Market

The Subject “Business in Ivory Coast (Côte d’Ivoire)” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: African Business, World Trade.

Business in West Africa.

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

Languages: or Côte d'Ivoire Costa do Marfim Costa de Marfil.

1. Credits of the subject “Doing Business in Ivory Coast (Côte d’Ivoire)”: 2
2. Duration: two weeks

Area of Knowledge: Africa.

1. Port of Abidjan
2. Dakar-Lagos Corridor
3. Benin-Niger-Burkina Faso-Ivory Coast Railway loop

Trade Agreements and preferential access of Ivory Coast.

1. Ivory Coast and the the West African Economic Area
2. Economic Community of West African States (ECOWAS)
3. Community of Sahel-Saharan States (CEN-SAD)
4. Mano River Union
5. Niger Basin Authority
6. OHADA
7. African Continental Free-Trade Area
8. The U.S.-Ivory Coast
   1. AGOA (U.S.)
   2. West African Economic and Monetary Union (WAEMU)
   3. U.S. Agreement
9. UK-Ivory Coast FTA
10. EU-Ivory Coast
    1. Africa-EU Partnership
    2. EU-Ivory Coast FTA
    3. GSP
11. Trade Agreement with India
12. Islamic Trade Preferential System

1. WTO
   1. GATS
   2. Trade Facilitation Agreement
   3. Agreement on Sanitary Measures
   4. Agreement on Technical Barriers to Trade
   5. Agreement on Preshipment Inspection
   6. Agreement on Safeguards
2. Is not a member of the WCO
   1. Kyoto Convention

1. Economic Commission for Africa
2. African Union
   1. AU Convention on Combating Corruption
   2. AUDA-NEPAD
   3. Africa Agriculture Development Programme
3. African Development Bank (In 2014, the African Development Bank returns to Abidjan)
4. Africa-Asia Partnership
5. Africa-Korea Partnership
6. Africa-Japan Cooperation
7. Forum on China-Africa Cooperation

1. Afro-Arab Cooperation
2. BADEA
3. OIC
4. IsDB

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

1. Capital of the Republic of Côte d'Ivoire (Ivory Coast): Yamoussoukro
2. Economic centre and largest city of Ivory Coast: Abidjan (12 million)
3. Other Ivorian cities: Abidjan, Yamoussoukro, Bouaké, Daloa, Korhogo, Man, and San-Pédro
4. Population of Ivory Coast: 24 million (15 million in 1998)
5. Ivorian official language: French
   1. Local languages: Senufo, Baoule, Diola, and Dan
6. Independence of Ivory Coast: 1960 (from France)
7. Two recent civil wars: 2002-07 and 2010-11
8. Ivorian borders: Burkina Faso, Mali, Guinea, Liberia, and Ghana
9. Currency of Ivory Coast: West African CFA Franc
10. The Historian Ahmadou Hampaté Bá died in Abidjan

More information about Ivory Coast (EENI African Business Portal).

Main religions in Ivory Coast:

1. African Traditional Religions
2. Christianity (32%)
   1. Catholicism (6 million)
   2. Protestants (Methodists: 1.3 million)
3. Islam (38% of the population, 7 million)

Ivory Coast belongs to the West African Economic Area.

Ivorian Economy:

1. The main resources of Ivory Coast (Africa) are cocoa (first world producer), yams (second largest producer), coffee (tenth largest producer), bananas, palm oil, cotton, wood, Petrol, gas, diamonds, gold, nickel, and tourism
2. The South of Ivory Coast concentrates 85% of the economic activity
3. Ivory Coast is an African frontier market

Ivorian Agriculture

1. Humid tropical climate for the crops especially in low Coast
2. Diverse agriculture (food, cash crops, and industrial crops)

Ivorian main productions:

1. Cocoa. 1,367,200 tones/year. The first world producer
2. Coffee. 117,000 tones/year
3. Cola. 50 000 to 75,000 tones/year. The first in the World
4. Palm oil. 284,500 tones/year
5. Hevea. 130,000 tones/year
6. Cotton seed: 221,700 tones/year
7. Sugar: 152,900 tones/year
8. Rubber: 179,000 tones/year
9. Cashew: 230,000 tones/year

Ivorian Industry

1. Ivorian industry contributes with 20% to the GDP and accounts for 40% of the West African Economic and Monetary Union countries
2. 50% of the companies have a turnover less than 1 billion FCFA
3. Best recent performance Ivorian sectors: Chemicals, water, electricity, mineral extractions, and various industries
4. Main Ivorian Industries affected by the crisis: construction, agribusiness, textiles, and wood
5. Food industry production accounts for 25% of the GDP in the secondary sector

International Trade of Ivory Coast.

1. Notwithstanding the socio-political crisis of the last decade, the economic partnerships of Ivory Coast with the emerging countries have markedly augmented, particularly those with the Asian Countries, including, China, South Korea, India, Singapore, Thailand, Brunei, Indonesia, and Malaysia
2. Asia is the third largest trading partner (12.5%) of Ivory Coast, after Europe (44%) and the African countries (29%)
3. China, which is the Ivorian leading Asian trade partner, still represents a modest share (3.2%) of the economy compared with its wider efficiency in Africa

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