Business in the Togolese Republic, Lomé

The aims of the subject “Foreign Trade and Business in the Togolese Republic” are the following:

1. To analyse the Togolese Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Togolese Republic
3. To explore the Togolese trade relations with the country of the student
4. To know the Togolese Trade Agreements
5. To develop a business plan for the Togolese market

Togolese Preferential Access and Free Trade Agreements

1. Togo 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. United States-Togo
   1. African Growth and Opportunity Act (AGOA)
   2. US-WAEMU Trade Agreement
7. European Union-Togo
   1. Generalised System of Preferences (GSP)
   2. Africa-European Union Strategic Partnership
8. Organisation for the Harmonisation of Business Law in Africa (OHADA)
9. Islamic Trade Preferential System (TPS-OIC)
10. Arab Bank for Economic Development in Africa (BADEA)

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO Agreement on Sanitary and Phytosanitary Measures (SPS)
   2. WTO General Agreement on Trade in Services (GATS)
   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)

Islamic Organisations

1. Organisation of Islamic Cooperation (OIC)
2. Afro-Arab Cooperation
3. Arab Bank for Economic Development in Africa (BADEA)

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. Forum on China-Africa Cooperation
5. Africa-India Framework for Cooperation
6. Africa-BRICS (Brazil, Russia, India, China, South Africa)
7. Africa-Turkey Partnership
8. Africa-Asia Strategic Partnership (NAASP)
9. Africa-Korea Partnership
10. Africa-Japan Cooperation (TICAD)
11. Africa-South America Summit (ASA)

Global Economic Organisations

1. World Bank (WB)
2. World Trade Organisation (WTO)
3. International Monetary Fund (IMF)
4. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)

The Togolese Republic

1. The Togolese Republic enjoys a strategic position in the West African region
2. Togolese Population: 7.6 million people
3. Area of Togo: 56,785 square kilometres
4. Capital of Togo: Lomé (1,570,283 people)
   1. Sokodé: 123,000 inhabitants (second largest city)
   2. Kara: 106,000 inhabitants
   3. Atakpamé: 84,000 inhabitants
   4. Kpalimé: 101,000 inhabitants
   5. Dapaong: 34,000 inhabitants
5. Official language of Togo: French
6. Togolese Independence: 1960 (France)
7. Togo shares borders with Burkina Faso, Benin, and Ghana

More information about Togo (EENI African Portal).

Main religions in Togo:

1. Christianity
2. Islam (20% of the Togolese population, 1.1 million)
3. African Traditional Religions

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

Togolese Republic: phosphates, agriculture, and Port of Lomé.

Economy of Togo

1. The two pillars of the Togolese economy are the agricultural sector (cotton, coffee, and cocoa) and the phosphate industry
2. Togo is self-sufficient in agricultural export products
3. The Port of Lomé is one of the largest in West Africa and one of the safest and the most efficient port in the Gulf of Guinea
4. Togolese Agriculture: 65% of the labour force
5. Cotton, coffee, and cocoa represent 40% of thtotal Togolese exports
6. Top Togolese trade partners: Burkina Faso, Ghana, the Netherlands, Benin, Mali, and Ivory Coast
7. Most dynamic Togolese sectors: retail, transportation, and communications
8. Togo is the fourth larger phosphate producer in the World
9. Togolese Currency: Franc CFA
10. Togolese GDP growth: 6.0%
    1. Primary sector: 52% of the GDP
    2. Services: 32% of the GDP
11. Inflation in Togo: 2.3%

Togo Telecom is a corporation created by the split of the OPTT two State-owned companies. It is governed by Act No. 90-26 of December 4, 1990, to reform the legal and institutional framework for the Public Enterprises. It has a legal personality and financial autonomy, with a capital of 4 billion CFA francs.