The Comoros belongs to the East African Economic Area.
Comorian Economy:
The economy of the Union of the Comoros relies mainly on the agricultural sector and has a narrow
export base with three export commodities:
vanilla, cloves, and ylang-ylang
Vanilla and cloves account for 75% of the Comorian exports
The agriculture contributes 40% to the GDP, employs 80% of the labour force, and provides the largest exports revenues
The Union of the Comoros has an inadequate transport system, a young and quickly
increasing the population, and few natural resources
Industrial zone in the Port of Moroni
Comorian GDP growth: 3.6%
Top economic sectors: agriculture (50% of the Comorian GDP), retail, tourism, construction
Telecommunications is a state monopoly
Top
trading partners of the Comoros: Turkey, Singapore, India, the EU, and the Emirates
100% tariff reduction on imports from the members of the COMESA
(c) EENI Global Business School (1995-2024)
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