INDIA - COTE D'IVOIRE BUSINESS & CULTURAL COUNCIL

india-cote-d-ivoire-business-and-cultural-council

Ambassador and Consul General

Ange Gabriel AKAFFOU Commercial Counsellor, Embassy of The Republic of Cote d Ivoire in India has accepted the Honorary Membership of Global India Business Forum in the presence of its Global President, Dr. Jitendra Joshi and Coordinator, Adv. Rajeshwari Hariharan. GIBF and the embassy Ivory Coast will be associated with each other in mutual cooperation to facilitate investment, trade and economic cooperation between the two countries.

Foodstuffs, Including Cocoa, Coconut, Banana and Fish, Refined Petroleum, Gold, and Rubber

Crude petroleum Oil, Rice, Frozen Fish, Medicine, Vehicles and Machinery

ABOUT

ABOUT cote d'ivoire

Cote d' Ivoire, also known as Ivory Coast, is a country in West Africa bordered by the Gulf of Guinea. Neighboring countries include Liberia, Guinea, Mali, Burkina Faso, and Ghana. Cote d' Ivoire is mostly flat with mountains in the northwest and a forested interior. The government system is a public, multiparty presidential regime. The chief of state is the president, and the head of government is the prime minister. Cote d lvoire has a mostly traditional economic system in which the economy is heavily dependent on agriculture and related activities. Cote d'Ivoire is a member of the Economic Community of West African States (ECOWAS).

BUSINESS OPPORTUNITIES

BUSINESS OPPORTUNITIES IN cote d'ivoire

The Ivory Coast corporate sector is increasingly expanding and providing numerous new business opportunities. The economy of Cote D' Ivoire is increasingly getting high. The Ivory Coast is mostly market-based and largely dependent on farming. Nearly 70% of the Ivorians participate in some kind of farming practice. Several other businesses are carried out in the country which is very high in demand and has provided successful businesses to so many people. Let us consider them in brief.
Palm oil Business - 45 percent of the national oilseed supply is used by the Ivorian domestic industry. The remaining 55 percent of oilseeds are now mostly deficient on the sub-regional market, primarily for the West African economic and monetary union (WAEMU) and ECOWAS (WAEMU).
Rubber Production Business - Ivory Coast is planning to double the production of rubber by 2025. The Ivory Coast Natural rubber crop is the continent s largest production producer, reaching 200,000 tonnes in 2008, rising to 188,500 tonnes in 2007. Ivory Coast, according to the National Association of Natural Rubber Professionals, is the fourth largest rubber manufacturer in the world (Apromac). Their production is also a long way from Malaysia, which grows almost 90% of the rubber trees worldwide. In 2020, Ivory Coast produced almost a million tonnes, representing 80% of latex across the continent. Since 2005, the supply of Ivory Coast rubber has continued to increase, having produced a paltry 170,000 tonnes.

EXPORTS AND IMPORTS IN cote d'ivoire

In 2021, Cote d'Ivoire was the number 73 economy in the world in terms of GDP (current US$), the number 88 in total exports, the number 96 in total imports, the number 153 economy in terms of GDP per capita (current US$) and the number 115 most complex economy according to the Economic Complexity Index (ECI) .

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TOP EXPORTS OF cote d'ivoire

The Ivory Coast is a large economy in the West African Economic and Monetary Union (WAEMU). The share of foreign trade in the country 's GDP is 42% (World Bank, latest available data). The country mainly exports foodstuffs, including cocoa, coconut, banana and fish, refined petroleum, gold, and rubber.

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TOP IMPORTS OF cote d'ivoire

As per Ivory Coast customs data, Ivory Coasts main import commodities are crude petroleum oil, rice, frozen fish, medicine, vehicles and machinery. Ivory Coast Total Imports grew 50.3 % YoY in Dec 2022, compared with a decrease of 26.9 % YoY in the previous month

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