The Ambassador of the Republic of Equatorial Guinea H.E Manuel Mbela Bama Ndong and Counsellor H.E.
Leonardo Mola Laplata Mum of Guinea has accepted the Honorary Membership of Global India Business
Forum, in the presence of Global President, Dr. Jitendra Joshi and Director Global operation, Mrs.
Deepali Gadkari Explained Activities of GIBF to support MSME sector Globally Realizing the strengths
of Global India Business Forum and the Consulate of the Republic of Equatorial Guinea and conscious
of the benefits to be derived by both organizations and its members through this mutual
understanding, both parties will be associated with each other in mutual cooperation to facilitate
mutual investment, trade and economic cooperation complimented by knowledge sharing, training,
certification and networking
Exports :
Timber, Natural gas, Cocoa, Fish, Oil
Imports :
Cars, Beer, Poultry meat, Furniture, Gas turbines
ABOUT EQUATORIAL GUINEA
Equatorial Guinea officially the Republic of Equatorial Guinea is a country located on the west
coast of Central Africa, with an area of 28,000 square kilometres (11,000 sq mi). Formerly the
colony of Spanish Guinea, its post-independence name evokes its location near both the Equator
and the Gulf of Guinea. As of 2015, the country had a population of 1,225,367Before independence
Equatorial Guinea exported cocoa, coffee and timber, mostly to its colonial ruler, Spain, but
also to Germany and the UK. On 1 January 1985, the country became the first non-Francophone
African member of the franc zone, adopting the CFA franc as its currency. The national currency,
the ekwele, had previously been linked to the Spanish peseta.
BUSINESS OPPORTUNITIES IN EQUATORIAL GUINEA
Equatorial Guinea advises international businesses, companies and corporations on the procedures
and processes for the profitable export, import, marketing, sales and distribution of products
and goods through the tax and duty free trade zones in Equatorial Guinea. Equatorial Guinea
offer consultancy services on every aspect of importing, exporting and distributing into the
Gabon market, including supplier selection, sourcing trading partners, contract negotiation,
favourable shipping terms, carrier and route selection, licensing, customs clearance,
warehousing, sales and distribution, as well as any other area of concern for your company. The
main industries of Equatorial Guinea include: petroleum, agricultural products and wood
processing complexes. The Equatorial Guinea capital and main port is Malabo.
Imports in Equatorial Guinea decreased to -1332.80 CFA Franc Billion
in 2019 from 1800.50 CFA Franc Billion in 2018. Equatorial Guinea
imports mostly consumer goods and capital equipment. The main import
partner is Spain (17 percent of total imports) followed by the
United States (13 percent). Others include: France, China and Ivory
Coast.
Exports in Equatorial Guinea decreased to 2756.70 CFA Franc Billion
in 2019 from 3131.60 CFA Franc Billion in 2018. In Equatorial
Guinea, oil accounts for 80 percent of total exports and 90 percent
of government revenues. Equatorial Guinea also exports timber,
natural gas, cocoa and fish. Equatorial Guinea’s main export partner
is Spain (15 percent of total exports). Others include: China,
United States and Japan.
Equatorial Guinea imports mostly consumer goods and capital
equipment. The main import partner is Spain (17 percent of total
imports) followed by the United States (13 percent). Others include:
France, China and Ivory Coast.
FOR MORE INFORMATION PLEASE VISIT BELOW LINKS