Djibouti Business
• Main imports: Food, beverages, transport equipment, chemicals and petroleum products.
• Main exports: Re-exports, hides and skins and coffee.
• Main trade partners: Somalia, Yemen, Ethiopia, Saudi Arabia, India, China, USA and France.
Economy
Djibouti’s economic potential lies in the development of its service sector; in particular, transport facilities and banking. The deep-water port on the Bab-El-Mandeb Straits, which has developed as a major refuelling and transhipment facility, is vitally important to the country, as it is on the major oil route between the Gulf of Aden and the Red Sea. In addition, the government hopes to develop Djibouti as a general trading centre between Africa and the Middle East and as an important telecommunications hub for the region.
However, at present, the country remains dependent on foreign aid, the bulk of which comes from France and Saudi Arabia.
Djibouti is a member of Common Market of Eastern and South Africa (COMESA), the League of Arab States, the United Nations (UN) and African Union (AU). Unemployment, which affects perhaps half the workforce, is a particular problem.
Business Etiquette
Office hours: Sat-Thurs 0620-1330.
Business Contacts
BP 84, Djibouti
Tel: 351 070 or 350 826.
The Chambre de Commerce et d’Industrie de Djibouti can also provide information on Conferences and Conventions.
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