Business in Madagascar. Malagasy Economy

1. Introduction to the Republic of Madagascar (East Africa)
2. Malagasy Economy
3. International Trade of Madagascar
   1. Economic partnership agreement with the EU
4. Investment in Madagascar
5. Business Opportunities in Madagascar
   1. Tourism
   2. Agribusiness
   3. Mining
   4. Light Industries
   5. Information and communications technology (ICT)
   6. Infrastructure
6. Case Study:
   1. Socota Group (Textiles and Apparel)
   2. Madagascar Petroleum
7. Economic Development Board of Madagascar
8. Access to the Malagasy market
9. Business Plan for Madagascar

1. Ports of Madagascar
2. Asia-Africa Logistics Corridor

Sample:

The purposes of the subject “Foreign Trade, Logistics and Business in Madagascar” are the following:

1. To analyze the Malagasy Economy, Logistics and Foreign Trade
2. To identify business opportunities in Madagascar
3. To explore the Malagasy trade relations with the student's country
4. To know the Malagasy Trade Agreements
5. To examine the profile of Malagasy companies
6. To develop a business plan for the Malagasy market

The Subject “Foreign Trade, Logistics and Business in Madagascar” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate in African Business.

Master in Business in Africa, International Business, Foreign Trade.

Business in East Africa.

Languages: or Madagascar Madagascar Madagascar.

1. Credits of the Subject “Business, Trade and Transport in Madagascar”: 1
2. Duration: one week

Malagasy Preferential Access and Trade Agreements:

1. Madagascar and the East African Economic Area
2. Common Market for Eastern and Southern Africa (COMESA)
3. Southern African Development Community (SADC)
   1. EU-SADC Agreement
4. COMESA-EAC-SADC Agreement
5. African Continental Free-Trade Area
6. Indian-Ocean Rim Association
7. Indian Ocean Commission
8. Arab Bank for Africa (BADEA)
9. The United States-Madagascar
   1. AGOA
   2. COMESA-U.S. Agreement
10. EU-Madagascar
    1. Free Trade Agreement EU-Eastern and Southern African States (Madagascar, Mauritius, Seychelles, Zimbabwe)
    2. Africa-EU Partnership
    3. GSP
11. Global System of Trade Preferences among Developing Countries (GSTP) - accession process

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention
3. BIC
4. Chicago Convention (ICAO)
5. International Maritime Organization (IMO)
   1. Convention for Safe Containers
   2. Istanbul Convention
6. Rotterdam Rules (Maritime Transport)
7. Hamburg Rules (Maritime Transport)
8. Customs Convention on Containers - not a member

1. Economic Commission for Africa
2. African Union
   1. AU Convention on Preventing and Combating Corruption
   2. AUDA-NEPAD
3. African Development Bank
4. Africa-India Cooperation

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund

1. Malagasy Population: 25 million. Growth: 2,7%
2. Life expectancy: 64 years
3. Malagasy Area: 587,295 km²
4. Malagasy Capital: Antananarivo (2.1 million)
5. Economic capital of Madagascar: Toamasina
6. Largest cities: Antananarivo, Toamasina, and Antsirabe
7. Official Languages of Madagascar: Malagasy and French
   1. English was official language from 2007 to 2010
8. Nearest countries to Madagascar: Mozambique, the Comoros, Mauritius, Mayotte, Reunion, the Seychelles, Eswatini, and Tanzania
9. Abolition of Slavery in Madagascar: 1896
10. Independence of Madagascar from France: 1960

More information about Madagascar (EENI African Business Portal).

Religions in Madagascar:

1. African Traditional Religions (52%)
2. Christianity(41%)

Madagascar belongs to the East African Economic Area.

Malagasy Economy:

1. Madagascar is one of the poorest countries in Sub-Saharan Africa
2. Malagasy Economic growth: 2.6%
3. Malagasy Inflation: 6.9%
4. The main sector of the Malagasy economy is agriculture
   1. 3.6 million tones of rice (the third African producer)
   2. 1 million tones of cereals (maize, potato)
   3. Fruits and vegetables
   4. Litchies: 70% share of the European market. The first world exporter
   5. 50% of the global vanilla market
   6. The first world spices and other essential oils exporter
5. Malagasy industry (13% of the GDP): soap production, food and tobacco processing, brewing, textiles, and leather
6. Ranking in the Doing Business Index (WB): 142
7. Malagasy currency: Ariary (not convertible)

Sample - Foreign Trade and Business in Madagascar:

International Trade of Madagascar:

1. Malagasy Exports: 1.251 million Dollars (FOB Value)
2. Malagasy Imports: 2.619 million Dollars (CIF Value)
3. Top Malagasy trading partners: France, Singapore, China, Germany, Canada, India, the United States, Italy, the UK, and Spain
4. Trade with the SADC countries: only 5.3% of the total exports/12% of the total imports
5. Trade with the COMESA countries: only 3% of the total exports/6.9% of the total imports
6. Trade with the Indian Ocean Commission countries: only 3.1% of the total exports/5.5% of the total imports
7. Investment in Madagascar: 386 million Dollars

The mission of the Economic Development Board of Madagascar (Public body) is to encourage the foreign direct investments and create a friendly business climate. The Board has defined six strategic sectors for the Malagasy economic development: tourism, agribusiness, light manufacturing industry, ICT, infrastructure, and mining.