Trade and Business in Senegal, Dakar

The objectives of the subject “Foreign Trade and Business in the Republic of Senegal” are the following:

1. To analyse the Senegalese Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Republic of Senegal
3. To explore the Senegalese trade relations with the country of the student
4. To know the Senegalese Free Trade Agreements
5. To examine the profile of Senegalese companies
6. To understand the role of Senegal as a gateway to West Africa
7. To develop a business plan for the Senegalese market

Senegalese Preferential Access and Free Trade Agreements

1. Senegal and the West African Economic Area
2. Economic Community of West African States (ECOWAS)
3. West African Economic and Monetary Union (WAEMU)
4. Community of Sahel-Saharan States (CEN-SAD)
5. African Continental Free-Trade Area (AfCFTA)
6. European Union-Senegal
   1. Africa-European Union Strategic Partnership (Cotonou Agreement)
   2. Generalised System of Preferences (GSP)
7. United States-Senegal
   1. United States (AGOA)
   2. US-WAEMU Trade Agreement
8. Free Trade Agreement (FTA) with India
9. Organisation for the Harmonisation of Business Law in Africa (OHADA)
10. Organisation for the Development of the Senegal River
11. Arab Bank for Economic Development in Africa (BADEA)

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO General Agreement on Trade in Services (GATS)
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (Rotterdam Rules, UN)
4. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN)

African Trade and Economic Organisations

1. Economic Commission for Africa (ECA)
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption
   2. African Union Development Agency (AUDA-NEPAD)
   3. Comprehensive Africa Agriculture Development Programme (CAADP)
3. African Development Bank (AfDB)
4. Africa-Asia Strategic Partnership (NAASP)
5. Africa-Korea Partnership
6. Africa-Japan Cooperation (TICAD)
7. Africa-South America Summit (ASA)
8. Forum on China-Africa Cooperation
9. Africa-India Framework for Cooperation
10. Africa-BRICS (Brazil, Russia, India, China, South Africa)
11. Africa-Turkey Partnership

Islamic Organisations

1. Afro-Arab Cooperation
2. Arab Bank for Economic Development in Africa (BADEA)
3. Organisation of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC)
   2. Islamic Chamber of Commerce and Industry (ICCI)
   3. Islamic Centre for Development of Trade (ICDT)
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)

Global Economic Organisations

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

The Republic of Senegal

1. Senegalese Area: 196,712 square kilometres
2. Senegalese Population: 13.5 million people (48 people per square kilometres)
   1. Mandinka
   2. Fula
   3. Soninke
3. 25% of the population is concentrated in the Dakar region
4. 55% of the Senegalese are under 20 years
5. Official name: Republique du Senegal
6. Senegalese Capital: Dakar (2.45 million people)
7. Doing Business in
8. The largest Senegalese cities are Dakar, Guédiawaye, Kaolak, M'bour, Pikine, Rufisque, Saint-Louis, Thiès, Touba and Ziguinchor
9. The Senegalese official language is French
10. Other languages are Wolof, Diola, and Mandingo
11. Senegalese Independence: 1960 (France)
12. Legal System in Senegal: based on the French civil law
13. Senegal shares borders with Mauritania, Mali, Guinea, Guinea-Bissau, and the Gambia
14. Ahmadou Hampaté Bá studied in Senegal

More information about Senegal (EENI African Portal).

Main religions in Senegal:

1. Islam (95% of Senegalese population)
2. African Traditional Religions

Senegal belongs to the West African Economic Area (African Civilisation).

Senegalese Economy:

1. The Republic of Senegal (Africa) initiated in the last years a deep privatisation programme of the public companies (telecommunications, energy, tourism, or transport)
2. Senegal has invested more than any other West African nation in the telecommunication's sector; Senegal is positioned as the regional leader
3. The economy of Senegal remains dominated by the tertiary sector (60% of the Senegalese gross domestic product)
4. The primary and secondary sector contributes 20% each to the Senegalese GDP.
5. Senegal is the first nation to have been rated as B +/Stable/B in West Africa (Standard and Poor's)
6. The Central Bank of West African States is located in Dakar
7. Senegalese GDP growth: 4.8%
8. Inflation in Senegal: 1.3%

APIX. The Senegalese Agency for Export Promotion is an integrated platform of export services for companies and associations.

Companies:

SODEFITEX (Development Society of Textile fibres) was created March 15, 1974 as a public company. On November 13, 2003; it has been privatised, has augmented its capital from 750 million to 3 billion CFA francs, and became the SOCIETY and DEVELOPMENT OF TEXTILE fibreS.

Sonatel Group provides an exhaustive telecommunication solutions in the fields of fixed, mobile, Internet, television and data services to individuals and companies. Leader in Senegal and Mali since 2002, Sonatel is a global and sub-regional reference. Within the West African Economic and Monetary Union, Sonatel has been a hub of Senegal (platform) subregional and a major player in the development of telecommunications in Africa and the world. Sonatel is a business structure for the Senegalese economic development.

Group SUNEOR is the first food company in Senegal. The company's activities are based on two operating divisions:
1. The manufacturing and marketing of food products
2. Groundnut sector in Senegal.

SONACOS (Senegal) is a company whose activity is decisive for the internal and external balance of Senegal. Prime factor in social stability by revenue it generates within the country as part of a tour organised, the peanut is both a cash crop and food crop. For export revenues it brings, peanuts offer a significant contribution to the trade balance even though its importance has declined. The SONACOS is undergoing privatisation. The tender was launched by the Ministry of Finance and the Government is seeking a strategic investor who has International references serious, proven technical expertise and the financial means to support this revival, take over and finally to realise its sector fullest potential.

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