Trade and Business in São Tomé and Príncipe

The purposes of the subject “Foreign Trade and Business in São Tomé and Príncipe” are the following:

1. To learn to do business in São Tomé and Príncipe;
2. To know the business opportunities in São Tomé and Príncipe;
3. To know the Santomean Trade Agreements;
4. To analyze the trade relationships of São Tomé and Príncipe with the country of the student;
5. To learn how to develop a business plan for São Tomé and Príncipe.

The Subject “Foreign Trade and Business in São Tomé and Príncipe” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, World Trade.

Masters (MIB): Business in Africa, Transport in Africa, International Business, Foreign Trade, International Transport.

Professional Certificate: Business in Central Africa.

Learning materials in or São Tomé São Tomé e Príncipe Santo Tome.

Credits of the subject “Foreign Trade and Business in São Tomé and Príncipe”: 1

Santomean Preferential Access and Free Trade Agreements:

1. São Tomé and Príncipe and the Central African Economic Area;
2. Economic Community of Central African States (ECCAS);
3. African Continental Free-Trade Area (AfCFTA);
4. African Growth and Opportunity Act (AGOA) - United Sates-;
5. Africa-European Union Strategic Partnership (Cotonou Agreement);
6. Portugal-São Tomé and Príncipe Economic Cooperation between;
7. Community of Sahel-Saharan States (CEN-SAD).

Trade Facilitation Programs.

1. World Trade Organization (WTO) (in process of accession);
2. 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. African Union Convention on Preventing and Combating Corruption (not signed);
   2. African Union Development Agency (AUDA-NEPAD).
3. African Development Bank (AfDB);
4. Africa-Asia Strategic Partnership (NAASP);
5. Africa-India Framework for Cooperation;
6. Africa-BRICS (Brazil, Russia, India, China, South Africa);
7. Africa-Turkey Partnership;
8. Africa-Korea Partnership;
9. Africa-Japan Cooperation (TICAD);
10. Africa-South America Summit (ASA);
11. Forum on China-Africa Cooperation;
12. Afro-Arab Cooperation;
13. Arab Bank for Economic Development in Africa (BADEA).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF);
5. Community of Portuguese Speaking Countries.

1. São Tomé and Príncipe is an African insular country;
2. Neighboring countries (by sea): Gabon, Cameroon, and Equatorial Guinea;
3. Santomean Population: 212,000 people
   1. Bantu.
4. Capital of São Tomé and Príncipe: São Tomé (137,500 people);
5. Literacy rate in São Tomé and Príncipe: 70%;
6. The official language of São Tomé and Príncipe is Portuguese;
7. Santomean Area: 1,000 square kilometers;
8. Government of São Tomé and Príncipe: Republic. Multiparty Democracy;
9. Santomean Climate: tropical;
10. Independence of São Tomé and Príncipe: 1975 (Portugal).

More information about São Tomé and Príncipe (EENI African Business Portal).

Religions in São Tomé and Príncipe.

1. 80% of Santomean population is Christian (Catholicism);
2. African Traditional Religions.

São Tomé and Príncipe belongs to the Central African Economic Area (African Civilization).

Economy of São Tomé and Príncipe:

1. Tourism and agriculture represent the largest export sectors of São Tomé and Príncipe;
2. The Government has created new incentives for the promotion of the free trade zones;
3. GDP growth in São Tomé and Príncipe: 4% (middle-income country)
   1. 20% agriculture and forestry;
   2. 19% industrial sector;
   3. 61% services.
4. Inflation of São Tomé and Príncipe: 7.9;
5. Unemployment in São Tomé and Príncipe: 55%;
6. National Currency: Dobras (STD);
7. Cash Crops in São Tomé and Príncipe: Cocoa, coffee, coconut, and pepper;
8. Top export product of São Tomé and Príncipe: cocoa (95% of the total exports);
9. Top trading partners of São Tomé and Príncipe: The European Union (60% with Portugal) and Angola;
10. Trade with the Economic Community of Central African States (ECCAS): only 2% of the total trade of São Tomé and Príncipe;
11. Potential sectors: tourism, energy, petrol, construction, finances, telecommunications, health, and education;
12. Political stability;
13. Lack physical infrastructure;
14. Weak judicial system;
15. The industry of São Tomé and Príncipe is limited to the export agricultural product transformation (90% of the export earnings are derived from cocoa monocultures);
16. Other exports: Copra, palm kernel, and coffee;
17. The State plantations occupy 80% of the crop area of Santo Tomé;
18. São Tomé and Príncipe is a flag of convenience;
19. The entry into force of the Agreement on Economic Cooperation between São Tomé and Príncipe and Portugal is one of the measures announced by the Central Bank of São Tomé.

Sample:

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