Doing Business in Yemen

The objectives of the subject “International Trade and Business in the Republic of Yemen” are the following:

1. To analyze the Yemeni Economy and Foreign Trade;
2. To know the business opportunities in Yemen;
3. To explore the Yemeni trade relations with the country of the student;
4. To know the Yemeni Trade Agreements;
5. To develop a business plan for the Yemeni market.

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

Doctorate (DIB): Islamic Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Learning materials in or Yemen Yemen.

1. Credits of the subject “Foreign Trade and Business in Yemen”: 1 ;
2. Duration: one week.

Yemeni Preferential Access and Free Trade Agreements:

1. Islamic Trade Preferential System (TPS-OIC);
2. Greater Arab Free-Trade Area (GAFTA);
3. Islamic Centre for Development of Trade (ICDT);
4. Arab Bank for Economic Development in Africa (BADEA);
5. Indian-Ocean Rim Association (IORA);
6. European Union-Yemen
   1. EU's Generalized System of Preferences (GSP) - Everything But Arms;
   2. European Union-Yemen Cooperation Agreement;
   3. Yemen is a beneficiary of the European Investment Bank.

1. World Trade Organization (WTO) (in process of accession);
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO);
6. International Road Transport Union (IRU).

Islamic Organizations:

1. Arab League (LAS);
2. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization 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).
3. Asia-Middle East Dialogue;
4. Islamic Development Bank (IsDB);
5. Summit of South American-Arab Countries (ASPA);
6. Economic and Social Commission for Western Asia (ESCWA);
7. Arab Trade Financing Programme (ATFP).

Global Economic 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).

The Republic of Yemen (الجمهورية اليمنية).

1. Borders of Yemen: Saudi Arabia and Oman;
2. Yemeni Capital: Sana'a (صنعاء);
3. Largest Seaport in Yemen: Port of Aden;
4. Official language of Yemen: Arabic;
5. Yemeni Area: 528,076 square kilometers;
6. Yemeni population: 25.4 million people;
7. Abolition of Slavery in Yemen: 1962.

Religion in Yemen.

1. The main religion is Sunni Islam;
2. Fiqh (Islamic Jurisprudence): Fiqh-al-Hambali;
3. 40% of the population is Shiite.

Yemen belongs to the Arab Economic Area of the Islamic Civilization.

Yemeni Economy.

1. The economic policy of the Republic of Yemen is based on a market mechanism and economic freedom;
2. Yemen ranks within the economies that are less growing;
3. However, Yemen has significant economic resources, not been exploited economically, especially oil and petrol field, fisheries and different mineral resources;
4. Currency of Yemen: Yemeni Rial (YER);
5. The General Investment Authority of the Republic of Yemen, being aware of the significance of involvement of the private sector in the development process in Yemen, and the necessity to bring about a greater leap in the investment level of various sectors, in the achievement of diversifying the economy of Yemen, and coordination with some concerned agencies, prepared many opportunities, which contains Foreign direct investment (FDI) opportunities in production, agricultural and services sectors recently there are many opportunities available in the Republic of Yemen.

Yemeni Foreign Trade.

1. The Yemeni Exports constitute 33.4% of the gross domestic production and imports constitute 29.3% of the gross domestic production. Therefore, the exposure ratio for the Yemeni economy reached 63%;
2. The main international partners of Yemen are Thailand, China, South Korea, Singapore, Japan, and Saudi Arabia;
3. The largest Yemeni exports are related to crude products that constitute 94-97% of the gross exports whereas direct consumption products constitute the rate between 1-4%, and crude goods at imports range between 55-60% of the gross imports that constitute direct consumption goods 15-20% and capital goods constitute 20-25%;
4. Yemen imports from the Arab Countries between 30-40% of the gross imports whereas its exports to the Arab Countries range between (5-10%) of the gross exports to abroad;
5. The Asian Countries, not Arabian, are considered as the largest market for the Yemeni exports.

(c) EENI Global Business School (1995-2023)
We do not use cookies
Top of this page