Doing Business in Ivory Coast

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

1. To analyze the Ivorian Economy and Global Trade;
2. To know the business opportunities in the Republic of 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 Higher Educational Programs taught by EENI Global Business School:

Doctorate: African Business, World Trade.

Course: Business in West Africa.

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

Learning materials in or Côte d'Ivoire Costa do Marfim Costa de Marfil.

1. Credits of the subject “Foreign Trade and 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. CEN-SAD;
4. Mano River Union (MRU);
5. Niger Basin Authority;
6. OHADA;
7. African Continental Free-Trade Area (AfCFTA);
8. US-Ivory Coast
   1. AGOA (US);
   2. WAEMU;
   3. U.S. Trade Agreement.
9. UK-Ivory Coast Free Trade Agreement;
10. EU-Ivory Coast
    1. Africa-EU Strategic Partnership;
    2. European Union-Ivory Coast Free Trade Agreement;
    3. Generalized System of Preferences (GSP).
11. Free Trade Agreement with India;
12. Islamic Trade Preferential System (TPS-OIC).

1. WTO
   1. Agreement on Trade in Services (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 (SG).
2. 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. AU Convention on Combating Corruption;
   2. AUDA-NEPAD;
   3. Comprehensive Africa Agriculture Development Programme (CAADP).
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. Africa-India Cooperation;
8. Africa-BRICS;
9. Africa-Turkey Partnership;
10. Africa-South America Summit;
11. Forum on China-Africa Cooperation.

Islamic Organizations:

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

Global Organizations:

1. UN
   1. UNCTAD;
   2. ITC;
   3. UNCITRAL;
   4. WIPO.
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)
   1. Bambara;
   2. Dogon;
   3. Lobi;
   4. Mandinka;
   5. Senufo;
   6. Mossi.
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 (African Civilization).

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 gross domestic product 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 gross domestic product 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, the People's Republic of China, South Korea, India, Singapore, Thailand, Brunei Darussalam, 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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