Mali Business
• Main exports: Cotton, gold and livestock.
• Main imports: Food, machinery and equipment, petroleum products, chemicals and pharmaceuticals, and textiles.
• Main trade partners: China, Thailand, France, Senegal and Côte d'Ivoire.
Economy
The main cash crop is cotton, of which Mali is one of Africa’s largest producers and exporters. The Malian cotton industry, upon which one-third of the population depend for their livelihood, is in serious difficulty because of exceptionally low world prices.
Mali is one of the largest gold producers in Africa. Marble, salt and phosphates are also being exploited; there are also known reserves of iron ore and uranium.
Much of the economy has been privatised and deregulated since 1997 under the supervision of the IMF with which Mali presently enjoys good relations. Mali has also been one of the main beneficiaries of the debt cancellation for the poorest countries, and it continues to rely on foreign aid and remittances from émigrés. Mali is a member of ECOWAS and various other West African multinational economic organisations.
Business Etiquette
Office hours: Mon-Thurs 0730-1230 and 1300-1600, Fri 0730-1230 and 1430-1730.
Conferences & Conventions
Business Contacts
Place de la Liberté, BP 46, Bamako, Mali
Tel: 222 5036 or 9645.
Website: www.lamaisondelafrique.com
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