Business in Madagascar

The purposes of the subject “Foreign Trade and Business in Madagascar” are the following:

1. To analyze the Malagasy Economy and Foreign Trade
2. To know the business opportunities in Madagascar
3. To explore the Malagasy trade relations with the country of the student
4. To know the Malagasy Trade Agreements
5. To examine the profile of Malagasy companies
6. To develop a business plan for the Malagasy market

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

Doctorate: African Business, World Trade.

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

Business in East Africa.

Languages: or Madagascar Madagascar Madagascar.

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

Malagasy Preferential Access and Trade Agreements:

1. Madagascar and the East African Economic Area
2. Common Market for Eastern and Southern Africa (COMESA)
3. Southern African Development Community (SADC)
   1. EU-SADC FTA
4. COMESA-EAC-SADC Agreement
5. African Continental Free-Trade Area
6. Indian-Ocean Rim Association
7. Indian Ocean Commission
8. Arab Bank for Africa (BADEA)
9. The U.S.-Madagascar
   1. AGOA
   2. COMESA-U.S. Agreement
10. EU-Madagascar
    1. Free Trade Agreement EU-Eastern and Southern African States (Madagascar, Mauritius, Seychelles, Zimbabwe)
    2. Africa-EU Partnership
    3. GSP
11. Global System of Trade Preferences among Developing Countries (GSTP) - accession process

1. WTO
   1. GATS
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. BIC
4. Chicago Convention (ICAO)
5. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
6. Rotterdam Rules (Sea)
7. Hamburg Rules (Sea)
8. Customs Convention on Containers - not a member

1. Economic Commission for Africa
2. African Union
   1. AU Convention on Preventing and Combating Corruption
   2. AUDA-NEPAD
3. African Development Bank
4. Africa-India Cooperation

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

The Republic of Madagascar

1. Malagasy Population: 25 million. Growth: 2,7%
2. Life expectancy: 64 years
3. Malagasy Area: 587,295 km²
4. Malagasy Capital: Antananarivo (2.1 million)
5. Economic capital of Madagascar: Toamasina
6. Largest cities: Antananarivo, Toamasina, and Antsirabe
7. Official Languages of Madagascar: Malagasy and French
   1. English was official language from 2007 to 2010
8. Nearest countries to Madagascar: Mozambique, the Comoros, Mauritius, Mayotte, Reunion, the Seychelles, Eswatini, and Tanzania
9. Abolition of Slavery in Madagascar: 1896
10. Independence of Madagascar from France: 1960

More information about Madagascar (EENI African Business Portal).

Religions in Madagascar:

1. African Traditional Religions (52%)
2. Christianity(41%)

Madagascar belongs to the East African Economic Area.

Malagasy Economy:

1. Madagascar is one of the poorest countries in Sub-Saharan Africa
2. Malagasy Economic growth: 2.6%
3. Malagasy Inflation: 6.9%
4. The main sector of the Malagasy economy is agriculture
   1. 3.6 million tones of rice (the third African producer)
   2. 1 million tones of cereals (maize, potato)
   3. Fruits and vegetables
   4. Litchies: 70% share of the European market. The first world exporter
   5. 50% of the global vanilla market
   6. The first world spices and other essential oils exporter
5. Malagasy industry (13% of the GDP): soap production, food and tobacco processing, brewing, textiles, and leather
6. Ranking in the Doing Business Index (WB): 142
7. Malagasy currency: Ariary (not convertible)

International Trade  of Madagascar:

1. Malagasy Exports: 1.251 million Dollars (FOB Value)
2. Malagasy Imports: 2.619 million Dollars (CIF Value)
3. Top Malagasy trading partners: France, Singapore, China, Germany, Canada, India, the U.S., Italy, the UK, and Spain
4. Trade with the SADC countries: only 5.3% of the total exports/12% of the total imports
5. Trade with the COMESA countries: only 3% of the total exports/6.9% of the total imports
6. Trade with the Indian Ocean Commission countries: only 3.1% of the total exports/5.5% of the total imports
7. Investment in Madagascar: 386 million Dollars

The mission of the Economic Development Board of Madagascar (Public body) is to encourage the foreign direct investments and create a friendly business climate. The Board has defined six strategic sectors for the Malagasy economic development: tourism, agribusiness, light manufacturing industry, ICT, infrastructure, and mining.

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