Côte d’Ivoire — Business
Statistics
•GDP: US$15.9 billion (2005).
•Main imports: Consumer goods, food and capital goods.
•Main exports: Cocoa, coffee, timber, rubber, cotton, palm oil, pineapples and bananas.
•Main trade partners: USA, France, Germany, The Netherlands, Nigeria and Italy.
Economy
The timber industry in Côte d’Ivoire has declined from previous levels due to excessive exploitation, although the government has now limited production in order to protect the remaining forests. A light industrial sector has grown up processing primary agricultural products and produces textiles, chemicals and sugar – again, these are aimed towards export markets.
Newly discovered offshore oil and gas deposits will boost the country’s industrial sector as well as meeting future energy needs. Côte d’Ivoire already has an established oil refining operation which, along with cigarette manufacture, forms the main components of the country’s industrial economy. It will also reduce Côte d’Ivoire’s reliance on imported fuel to supplement the hydroelectric installations that are its main source of power.
A service sector is gradually developing, centerd on tourism, financial services (exploiting the dominant role of the Abidjan stock exchange in the region) and telecommunications.
Côte d’Ivoire is one of the more prosperous economies in West Africa, although its recent progress has been undermined by severe political instability and the difficulty in meeting the standards of international donors; the economy grew by just 1% in 2004.
The country is a member of all the main regional economic organizations, including the Economic Community of West African States (ECOWAS) and the various bodies associated with the CFA Franc zone.
Business Etiquette
French is predominantly used in business circles, although executives in larger businesses may speak English. Translators are generally available. Punctuality is expected, although the host may be late. Business cards are essential and given to each person met. It is usual for business visitors to be entertained by local hosts in a hotel or restaurant. Lightweight suits should be worn.
Office hours: Mon-Fri 0730-1200 and 1430-1800, Sat 0800-1200.
Business Contacts
Chambre de Commerce et d’Industrie de Côte d’Ivoire
01 BP 1399, 6 avenue Joseph Anoma, Abidjan 01, Côte d’Ivoire
Tel: 2033 1600.
Website: www.ccici.org
Conferences & Conventions
In Abidjan, the Palais des Congrès which is part of the Inter-Continental Hotel can host conferences for more than 3,000 persons. The political capital Yamoussoukro has a capacity for over 5,000. For details, contact the Office Ivoirien du Tourisme et de l’Hôtellerie.
