Business in the Comoros. Comorian Economy

1. Introduction to the Union of the Comoros (East Africa)
2. Doing Business in Moroni
3. Comorian Economy
4. International Trade of the Comoros
5. Business and Investment Opportunities in the Comoros
   1. Tourism Sector
   2. Agriculture and food industries
   3. Fishing Sector
6. Transport and Infrastructure
7. Comorian Investment Promotion Agency
8. Access to the Comorian Market
9. Business Plan for the Comoros

The educational aims of the Subject “Foreign Trade, Logistics and Business in the Union of the Comoros” are:

1. To analyze the Comorian Economy, Logistics and Global Trade
2. To conduct research on business opportunities in the Comoros
3. To explore the Comorian trade relations with the student's country
4. To learn about Comorian Trade Agreements
5. To develop a business plan for the Comorian Market

The Subject “Foreign Trade, Logistics and Business in the Comoros” is included within the curriculum of the following academic programs at EENI Global Business School:

Doctorate in African Business.

Masters: International Business Africa.

Languages: or Comores Comoras Comoras.

Credits of the Subject “Doing Business in the Comoros”: 1

1. Port of Mombasa (Kenya)
2. Port of Toamasina (Madagascar)
3. Port of Dar es-Salaam (Tanzania)
4. Port of Nacala (Mozambique)

Comorian Preferential Trade Agreements:

1. The Comoros and the East African Economic Area
2. Common Market for Eastern and Southern Africa (COMESA)
3. Southern African Development Community (SADC) (2017)
   1. European Union-SADC Agreement
4. COMESA-EAC-SADC Agreement
5. African Continental Free Trade Area
6. Indian Ocean Commission (IOC)
7. European Union-Comoros:
   1. Africa-EU Partnership
   2. GSP
8. The United States-Comoros:
   1. AGOA United States-Africa
   2. COMESA-U.S. Agreement
9. Community of Sahel-Saharan States (CEN-SAD)
10. Indian-Ocean Rim Association
11. Harmonization of Business Law in Africa (OHADA)
12. Islamic Trade Preferential System
13. Greater Arab Free Trade Area (GAFTA) - not a member

1. WTO (in process of accession)
2. International Maritime Organization
3. Chicago Convention (ICAO)
4. World Customs Organization (WCO)
   1. Kyoto Convention (Containers)

1. Economic Commission for Africa
2. African Union 
   1. AU Convention on Combating Corruption
   2. AUDA-NEPAD
3. African Development Bank
4. Africa-Asia Partnership
5. Africa-Korea Partnership
6. Africa-Japan Cooperation
7. Africa-South America Summit
8. Africa-BRICS
9. Africa-Turkey Partnership

1. Organization of Islamic Cooperation (OIC)
   1. Committee for Economic Cooperation
   2. Islamic Chamber of Commerce
   3. Islamic Centre for Development of Trade
   4. Statistical Economic Centre for Islamic Countries
2. Arab League
3. Afro-Arab Cooperation
4. Arab Bank for Africa (BADEA)
5. Asia-Middle East Dialogue
6. Summit of South American-Arab Countries
7. Arab Development Funds
8. Islamic Development Bank

1. International Organisation of La Francophonie (OIF)
2. United Nations
3. World Bank
4. International Monetary Fund
5. ...

The Union of the Comoros:

1. Moroni is the capital of the Comoros (47,000)
2. Comorian population: 889,000 people
3. Area of the Comoros: 2,236 km²
4. Comorian official languages: Arabic, French, and Comorian (Swahili influences)
5. The nearest countries of the Union of the Comoros are Mozambique, Tanzania, Madagascar, and Seychelles
6. A crime-free nation
7. Independence of the Comoros from France in 1975

More information: The Comoros (EENI African Business Portal).

Main religion in the Comoros: Islam.

The Comoros belongs to East African Economic Area.

Comorian Economy:

1. The economy of the Union of the Comoros relies mainly on the agricultural sector and has a narrow export base with three export commodities: vanilla, cloves, and ylang-ylang
2. Vanilla and cloves account for 75% of Comorian exports
3. The agriculture contributes 40% to the GDP, employs 80% of the labour force, and provides the largest exports revenues
4. The Union of the Comoros has an inadequate transport system, a young and quickly increasing the population, and few natural resources
5. Industrial zone in the Port of Moroni
6. Top economic sectors: agriculture (50% of Comorian GDP), retail, tourism, construction
7. Telecommunications is a state monopoly
8. Top trading partners of the Comoros: Turkey, Singapore, India, the EU, and the Emirates
9. 100% tariff reduction on imports from the members of COMESA