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The United States And Côte D’ivoire Have A Long History Of Diplomatic, Economic, And Commercial Ties That Are Based On Shared Principles Of Freedom, Democracy, And The Rule Of Law. Our Two Nations Firmly Believe That The Strengths Of The Market And Free Enterprise Are The Primary Forces Behind Wealth Creation And Development.

Since 2011, Côte D’ivoire Has Been Successful In Completing Significant Tasks In The Areas Of Peace, Stability, And Security As Well As Raising Peoples’ Standards Of Living And Reviving, Revitalising, And Changing The Ivorian Economy.

The Economic Recovery In Côte D’ivoire Has Been Made Possible By Structural And Sectoral Reforms, As Shown By The Country’s Doubling Of Gdp Per Capita, A Sevenfold Increase In Total Investment, And An Average Annual Economic Growth Rate Of 8% Between 2012 And 2019. The International Community Regularly Recognises Progress Made, Particularly Via The Doing Business Initiative, Which Placed Côte D’ivoire Among The Top Ten Performers In 2014, 2015, And 2019.

Specifically In The Context Of The African Growth And Opportunity Act And The Millennium Challenge Account, Côte D’ivoire Benefits From American Multisectoral Cooperation. These Two Elements Will Help Boost Economic And Trade Activities Between The Two Nations.

By Making The Growth Of The Private Sector An Absolute National Priority, Our Nation Will Be Better Able To Implement Its “Côte D’ivoire Solidaire” Project, Which Aims To Build On What Has Been Accomplished Over The Last Ten Years And Speed Up The Structural Transformation Of Our Economy. Amounting To Around 110 Billion Dollars, 75% Of The Investment Under The National Development Plan (Pnd) 2021–2025 Is Expected To Come From The Private Sector.

The Plan Suggests A Wide Range Of Investment Opportunities To Create Innovative And Strategic Alliances In High Added Value Industries, Including: Agro-industry (Processing Cashew, Cocoa, Rubber, Etc.), Light Industry, Mines, Oil, Gas, Electricity Generation, Transportation, Tourism, Textiles, Pharmaceutical Industry, Building And Public Works, Housing, Digital Economy, Visual And Performing Arts, Etc.

The Fact That Côte D’ivoire Is The 27th Open Skies Partner Of The United States Of America Offers The Benefit Of Creating New Air Links And Opportunities For Enhancing Trade Between The Two Nations. The Entryway To The Uemoa And Ecowas Economic Zones, Côte D’ivoire, Awaits American Investors For A Mutually Beneficial Partnership.

Greetings, Andakwaba! It Is A Great Honour For The American Embassy In Abidjan To Welcome American Businesses To Côte D’ivoire. In This Place, We Are Prepared To Support Your New Business Engagements. Living In Abidjan And Travelling Around This Fascinating And Beautiful Nation Have Convinced Me That Côte D’ivoire Is Indeed The Land Of The Akwaba, So Welcome. The Ivorian Appreciation Of American Innovation, Creativity, Efficiency, And Our Way Of Doing Business Is Unquestionably True In This Regard.

Côte D’ivoire Is A Gateway Into The West African Market As One Of The Most Dynamic Economies In The Region. The Middle Class Is Expanding, And Living Standards Are Rising. The Nation’s Gdp Increased By 7.5% In 2019. The Gdp Growth Rate Slowed To 1.8% In 2020 As A Result Of The Economic Consequences Of The Coronavirus (Covid-19) Pandemic.

One Of The Few Global Economies That Continued To Have Positive Economic Growth Despite The Pandemic’s Effects Was Côte D’ivoire. As Global Conditions Gradually Normalise, The International Monetary Fund (Imf) Forecasts That The Gdp Growth Rate Will Return To 6% In 2021.

Since Côte D’ivoire Gained Independence In 1960, Our Countries Have Enjoyed More Than 60 Years Of Cordial Relations. American And Ivorian Relations Are Quite Good.

In Fy 2020, The United States Provided More Than $147 Million To Côte D’ivoire Through The Millennium Challenge Cooperation, Usaid, The President’s Emergency Plan For Aids Relief, And Other Assistance Mechanisms To Promote Economic Growth, Improve Health And Education Systems, Support Good Governance, Enable Security Reforms, As Well As Counter Violent Extremism.

The Last Ten Years Have Seen Significant Macroeconomic Growth And Stability In Côte D’ivoire As A Result Of The Economic Reforms Implemented By President Alassane Ouattara’s Administration, Greatly Enhancing The Business Climate.

The Nation Is Open To More American Investment And Is Primed For American Businesses Eager To Establish Enduring Partnerships With Ivoirian Partners. Millions Of Doses Of The Covid Vaccine Have Been Sent By The Us Government To Côte D’ivoire, Which Is Now Handling The Pandemic More Better Than Other Nations.

The Embassy Abidjan Deal Team, Located In The Heart Of Abidjan, Can Support Your Business Needs Whether It Is Finding A Local Ivoirian Partner, Exploring New Markets, Or Learning The Latest Opportunities To Do Business With The African Development Bank.

Please Follow The Embassy On Twitter @usembabidjan And Facebook To Stay Up To Date On The Most Recent Developments In The Trade And Investment Relationship Between The United States And Ivory Coast. I Can’t Wait To Have You Visit Abidjan.

One Of Africa’s Fastest-growing Economies, Côte D’ivoire Serves As A Gateway To The Almost 400 Million-person West African Market. The Nation Has An Abundance Of Agricultural And Energy Resources, And It Is A Prominent Producer Of Cashews And Cocoa, For Which The Government Is Actively Pursuing A Strategy For Value-added Processing.

The U.s. Chamber Of Commerce Appreciates The Reforms Being Implemented By The Government Of Côte D’ivoire To Enhance The Business Climate And Ease Of Doing Business, Which Will Aid In Luring More Foreign Direct Investment Into The Nation.

This Economic Guide Offers Insights Into A Variety Of Sectors That Offer Realistic Investment Opportunities Across The Country’s 31 Regions And 2 Autonomous Districts, Including Agriculture, Energy, Infrastructure Development, Telecommunications, Transport, And Banking.

The U.s. Chamber Of Commerce’s U.s.-africa Business Center (Usafbc) Will Collaborate Closely With The Government And Business Community In Ivory Coast To Strengthen Our Two Countries’ Trade Ties. This Collaboration Will Also Enable American Businesses To Assist Côte D’ivoire In Its Efforts To Diversify Its Economy And Recover From The Devastating Effects Of The Covid-19 Pandemic.

The U.s. Chamber Of Commerce Is The Largest Business Organisation In The World, Representing The Interests Of More Than 3 Million Companies Across All Industries, Sizes, And Geographies. The Chamber Also Maintains Close Ties With Its 118 American Chambers Of Commerce (Amchams) Abroad, 18 Of Which Are Located On The Continent Of Africa.

The Usafbc, A Policy Advocacy Group Housed Inside The Chamber, Aims To Promote Economic Prosperity For Americans And Africans By Fostering Entrepreneurship And Job Growth. The African Continental Free Trade Area (Afcfta) Just Launched, Offering A Single Market Of 1.3 Million People And Projected Consumer And Business Spending Of More Than $5.6 Billion By 2025.

That The Future Of The World Economy Lies In Africa. Our Hope Is That The Comprehensive Nature Of This Guide Will Provide Useful Information To People And Businesses Interested In Investing In Côte D’ivoire, One Of Africa’s Fastest-growing Economies.

Côte D’ivoire, Known As “The Land Of Hospitality,” Is Well Situated In West Africa And Provides Access To A Sizable Market Of 395 Million People In The Ecowas Region. The Nation Offers A Wide Range Of Strategic Opportunities In Industries Including Banking, Agriculture, Energy, Infrastructure, And Transportation. To Increase The Ease Of Doing Business, Côte D’ivoire Has Adopted A Number Of Legislative And Regulatory Frameworks In Accordance With Regional And International Best Practises.

A More Favourable Business Environment And Incentives For Private Sector Investment Are Provided By The 2018 Update To The Investment Code. Additionally, The Recently Approved National Development Plan (Pnd 2021 – 2025) Highlights The Government Of Côte D’ivoire’s Priority Areas And Presents Strategic Opportunities For The American Business Community.

In Fact, The Pnd 2021-2025 Is A Bold Initiative With The Stated Goal Of Igniting “The Economic And Social Transformation Required To Help Côte D’ivoire Achieve The Status Of An Upper-middle-income Country By 2030.” The Pnd Is Anticipated To Leverage The Private Sector’s Crucial Role In Financing 74% Of The Plan’s Estimated Total Cost Of Fcfa 59 Trillion (Usd 102 Billion).

The U.s. Chamber Of Commerce, The Foremost Business Organisation In The World, Continues To Be Dedicated To Ensuring That The U.s. Private Sector Sees Côte D’ivoire As A Desirable Location For Investment And Advocates For More Bilateral And Regional Trade With African Nations.

The Ivorian Government’s Resilience And Prudent Macroeconomic Policies Have Helped To Hasten The Nation’s Economic Recovery Despite The Difficulties Caused By The Ongoing Covid-19 Pandemic.

With The Start Of Trade Under The Favourable Terms Of The Africa Continental Free Trade Area Agreement (Afcfta), Côte D’ivoire Is Well-positioned To Draw More Investment, Develop An Industrial Base, Increase Productivity, And Stimulate The Economy To Provide Decent Jobs For Its Growing Youth. This In-depth Economic Guide To Côte D’ivoire Aims To Provide American Businesses With Useful Information On The Country’s Vast Investment Opportunities And The Government’s Policy Priorities.