Senegal is a West African LDC bordering the North Atlantic Ocean between Guinea-Bissau and Mauritania. ITC has a very good working relation with Senegal and a track record for TRTA project implementation. The country is the second largest economic power in the WAEMU zone after Cote d’Ivoire with exports amounting to more than 20% in the zone especially to Mali, its top export partner. Senegal is an active leader in the zone in terms of regional integration and is experimenting together with Cote d’Ivoire the pilot phase of the WAEMU electronic certificate of origin. The country is also part of the Economic Community of West African States (ECOWAS) and internationally exports goods such as fish, groundnuts and cotton to Switzerland as well as India and France.
Senegal’s economy is largely based on services. Well known for its political stability, diverse landscapes and historical treasures, Senegal is a prime tourism and Foreign Direct Investment destination. The country is classified 178 on the Ease of Doing Business in 2014 which is a small decrease from previous years but is expected to improve. ITC is currently assisting the country in the elaboration of tier 2 projects under the Enhanced Integrated Framework to promote tourism in communal regions and to promote mango exports.
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Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.