Chamber of Commerce Country Factsheet Last update: 12.07.2018
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Close ties to France following independence in 1960, the development of cocoa production for export, and foreign investment all made Cote d'Ivoire one of the most prosperous of the West African states but did not protect it from political turmoil. In December 1999, a military coup - the first ever in Cote d'Ivoire's history - overthrew the government. Junta leader Robert GUEI blatantly rigged elections held in late 2000 and declared himself the winner. Popular protest forced him to step aside and an election brought Laurent GBAGBO into power. Ivoirian dissidents and disaffected members of the military launched a failed coup attempt in September 2002 that developed into a rebellion and then a civil war. In 2003, a cease-fire resulted in the country being divided with the rebels holding the north, the government the south, and peacekeeping forces a buffer zone between the two. In March 2007, President GBAGBO and former New Forces rebel leader Guillaume SORO signed an agreement in which SORO joined GBAGBO's government as prime minister and the two agreed to reunite the country by dismantling the buffer zone, integrating rebel forces into the national armed forces, and holding elections. Difficulties in preparing electoral registers delayed balloting until 2010. In November 2010, Alassane Dramane OUATTARA won the presidential election over GBAGBO, but GBAGBO refused to hand over power, resulting in a five-month resumption of violent conflict. In April 2011, after widespread fighting, GBAGBO was formally forced from office by armed OUATTARA supporters with the help of UN and French forces. The UN peacekeeping mission departed in June 2017. OUATTARA is focused on rebuilding the country's economy and infrastructure while rebuilding the security forces. GBAGBO is in The Hague on trial for crimes against humanity.
Cote d'Ivoire is heavily dependent on agriculture and related activities, which engage roughly two-thirds of the population. Cote d'Ivoire is the world's largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and to climatic conditions. Cocoa, oil, and coffee are the country's top export revenue earners, but the country has targeted agricultural processing of cocoa, cashews, mangoes, and other commodities as a high priority. Mining gold and exporting electricity are growing industries outside agriculture.
Following the end of more than a decade of civil conflict in 2011, Cote d’Ivoire has experienced a boom in foreign investment and economic growth. In June 2012, the IMF and the World Bank announced $4.4 billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor Countries Initiative. For the last 5 years Cote d'Ivoire's growth rate has been among the highest in the world.
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Luxembourg and the country
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
Air Services agreement
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Côte d'Ivoire
Luxembourg is represented by Ambassade du Royaume de Belgique à Abidjan
Economic and Commercial Attaché (AWEX)
Economic and Commercial Attaché in charge of Côte d'Ivoire, Benin, bukina, Guinea Bissau, Liberia, Sierra Leone, Togo, Ghana:
Mr Guillaume De BASSOMPIERRE
Ambassade de Belgique
x Rue A56, Rue du Bélier,
Abidjan 01 BP 1800,
Tel.: (+225) 22 48 40 88 / (+225) 22 48 40 77
Fax: (+225) 22 48 40 79
Country risk as defined by Office du Ducroire for Côte d'Ivire
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Other Useful Links:
- The CIA World Factbook on Côte d'Ivoire
- Das ist die Elfenbeinküste
- La Côte d'Ivoire sur le site de l'AWEX
- Doing Business in Côte d'Ivoire
- Economic Freedom Index - Côte d'Ivoire
The Chamber of Commerce and the country
- 30.09.2018 - 04.10.2018
- 06.05.2015 - 08.05.2015