Chad belongs to the Central African Economic Area.
Economy of the Republic of Chad:
Chad is a Sahel-Saharan land-locked country
Almost 85% of the Chadian exports pass through the port of Douala
Two telecommunication projects: fiber optic from the Gulf of Guinea to Nigeria and Sudan
Peace agreements with Sudan
Significant investment in the Chadian Oil sector.
Esso Chad: has invested 8 billion dollars in the Doba exploration field
Top Chadian economic sectors are petrol and agriculture (45% of the GDP)
Chadian GDP: 28 billion dollars
GDP growth rate: 11%
Chadian inflation: 4.2%
Top Chadian Resources are petrol, salt, and copper mines
International Trade of Chad
Since 2003, the Republic of Chad is one of the petrol-exporting countries
Petrol: 90% of the Chadian exports
Creation of the National Agency for Investment and Export
Chad is a mainly an importing country because of its geographical isolation. However, the Republic of Chad has an undeniable export potential
The main exports of the Republic of Chad, furthermore of petrol, are cattle and Arabic gum (Chad is the second-largest producer, behind Sudan)
The Republic of Chad mainly export to Europe (especially to Portugal), Germany, and France (65% of exports)
Other export markets are Nigeria, Spain, Slovakia, Taiwan, Poland, and Morocco
Chad, through its membership to the Bank of Central African States (BEAC), is part of the FCA Franc Monetary Zone. The CFA Franc, issued by the Bank of Central African States; it is fully convertible into Euros.
TBC
Logistics (CHAD). Founded in 1963 in Bangui (capital of the Central African Republic), Transport Banos and Co. (TBC) is now present throughout the African continent. The operations are coordinated from Douala, Cameroon. TBC has a network of offices and agents covering Africa including Chad, Congo Brazzaville, Nigeria, Guinea, Benin, and South Africa.