november 3rd, 2011
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November 3rd, 2011. TRADE OPPORTUNITIES IN SENEGAL. SENEGAL INVESTMENT FORUM LONDON. Contents. I.TRADE POLICY AT MULTILATERAL AND REGIONAL LEVELS II. FACILITATION OF FOREIGN TRADE PROCEDURES III. PREFERENTIAL BENEFITS IV. STRATEGIC INTERVENTION FRAMEWORK V. INTRODUCING ASEPEX. - PowerPoint PPT PresentationTRANSCRIPT
November 3rd, 2011
SENEGAL INVESTMENT FORUM
LONDON
TRADE OPPORTUNITIES IN SENEGAL
ContentsI.TRADE POLICY AT MULTILATERAL AND REGIONAL
LEVELS
II. FACILITATION OF FOREIGN TRADE PROCEDURES
III. PREFERENTIAL BENEFITS
IV. STRATEGIC INTERVENTION FRAMEWORK
V. INTRODUCING ASEPEX
I. TRADE POLICY IN SENEGAL
AT MULTILATERAL LEVEL
• Stable and predictable trade environment with 100% consolidation of all tariff lines
• No import licence or quantitative restriction
• No direct subsidy to export
I. TRADE POLICY IN SENEGAL
AT REGIONAL LEVEL • Member of a Customs Union since
2000 (UEMOA): implementation of a common external tariff with an 11.6% average for applied rates
• Member of ECOWAS (15 countries): implementation of preferential tariffs within the subregion
• Duty-free entry to a 250-million-consumer market (ECOWAS, UEMOA)
II. FACILITATION OF FOREIGN TRADE PROCEDURES
• Economic regimes (temporary admission, industrial warehouses, storage warehouses, clearance for home use, etc) which, among other facilities, allow duty suspension arrangements for inputs.
• Export Duty-free Businesses Status, incentive tax system (exemption from customs duty, VAT), facility on work legislation, foreign trade and exchange regulation, simplified customs clearance procedures, and waiver of guaranty for clearance operations…
II. FACILITATION OF FOREIGN TRADE PROCEDURES
• Simplified and enhanced clearance procedures with the implementation of Mobile GAINDE System, that can be deployed on any environment. Most clearance operations are computerized; dematerialized clearance procedures, and reinforced post-clearance control
• Setting up of a Computerized Risk Analysis System (SIAR)
• Deployment of scanners to inspect risk containers
• 24/7 operation of port services in place since May 2008
III. PREFERENTIAL BENEFITS
• Senegal benefits from key unilateral preferential agreements with duty-free entry and without quotas
• The All but Weapons Initiative: duty-free entry for all products
• US African Growth and Opportunity Act (AGOA): 6,500 products
III. PREFERENTIAL BENEFITS
• Japan’s GSP : 98% of tariff lines
• Canada’s General Preferential Tariff (GPT): All products except select agricultural produce such as dairy products, poultry and eggs.
• Korea’s GSP: 5,600 products
• China’s Special Preferential Tariff (SPT): 4,721 products
• Turkey’s GSP: over 90% of tariff lines
IV. STRATEGIC INTERVENTION FRAMEWORK
STRATEGIC INTERVENTION FRAMEWORK: STRADEX AND SCA
Objectives (STRADEX) develop and promote exports nurture export culture in SMBs increase and widen range of SMB export offering provide frame of reference for all promotional
initiatives streamline and reinforce efficiency of exports support
system develop storage and distribution physical facilities
IV. STRATEGIC INTERVENTION FRAMEWORK
Export Objectives (SCA) consolidate Senegal’s competitive position in its traditional
markets through better promotion of its products to extend access to markets
improve value chain management and logistics to supply domestic and subregional markets
enhance advice and export partnerships to enter new growth markets
take into account non-tariff standards and barriers to trade for sustainable integration into profitable international value chains
strengthen export initiatives
IV. STRATEGIC INTERVENTION FRAMEWORK
MAJOR GROWTH SECTORS agriculture and agribusiness sea products and aquaculture textile and clothing industry tourism, cultural sector, and arts and crafts IT and teleserviceFor the United Kingdom in particularPotential export products include agricultural produce
(fruit and vegetables, groundnuts), sea products (crustaceans, fresh and frozen fish).
ASEPEX: AN INTEGRATED EXPORT SERVICES PLATFORM FOR BUSINESSES, AIMED AT DEVELOPING AND PROMOTING EXPORTS
V. INTRODUCING ASEPEX
• EXPORT CAPACITY BUILDING FOR PRIVATE SECTOR OPERATORS
• OFFER INFORMATION PRODUCTS AND SERVICES ON EXPORT MARKETS
• OFFER ADVICE, EXPERTISE, AND SUPPORT SERVICES TO BUSINESSES
• IMPROVEMENT OF EXPORT ENVIRONMENT
• ISSUE OF CERTIFICATES OF ORIGIN
• CREATION OF EXPORT HUBS
• DEVELOPMENT OF MARKETING AND COMMUNICATION PRODUCTS AND SERVICES
• PROMOTION IN FOREIGN MARKETS
• FINANCIAL SUPPORT
ASEPEX: PROMOTE ONGOING AND SUSTAINABLE DEVELOPMENT OF EXPORTS AND INCREASED DIVERSIFICATION OF EXPORTS
SIMPLIFICATION AND IMPROVEMENT OF EXPORT ENVIRONMENTSIMPLIFICATION OF FOREIGN TRADE FORMALITIES
ISSUE OF CERTIFICATES OF ORIGIN FOR PREFERENTIAL TRADE SCHEMESCONTRIBUTION IN CREATING A STIMULATING ENVIRONMENT FOR EXPORT
TRAININGIN MARKETING FOR EXPORT
IN QUALITY, STANDARDS AND REQUIREMENTS IN MARKETING TECHNIQUES FOR EXPORT
INSTITUTIONAL AND PROMOTIONAL
COMMUNICATIONNETWORKING, BUSINESS
PARTNERSHIP,LINKING PRIVATE AND PUBLIC
SECTORS
ECONOMIC AND TRADE INFORMATIONINFORMATION ON GROWTH PRODUCTS AND MARKETS RESEARCH, EXPORT DATA SHEETS, COUNTRY DATA
SHEETS EXPORT MULTIMEDIA LIBRARY
SERVICES PROVIDED BY ASEPEX
TECHNICAL SUPPORTIMPROVEMENT OF EXPORT PRODUCTS QUALITY
PRODUCT COMPLIANCE WITH INTERNATIONAL MARKET REQUIREMENTS
FINANCIAL SUPPORT
EXPORTS PROMOTION FUND
TRADE PROMOTIONGROWTH MARKET IDENTIFICATION
THROUGH CANVASSING MISSIONS ABROAD STRATEGIC POSITIONING TRHOUGH ORGANISATION OF TRADE EVENTS
2- POSITIONING APPROACHPARTICIPATION
IN AND ORGANISATION OF
TRADE EVENTS
APPROACHES TO FOREIGN MARKETS BASED ON
IDENTIFYING GROWTHMARKETS
3. PROMOTIONAL APPROACH THROUGH FRONTA STRATEGIC COMMUNICATION
ON QUALITY OFEXPORTABLE PRODUCTS
ON COMPLIANCE WITH
INTERNATIONAL REGULATIONS
INSTITUTIONAL PARTNERSHIP 1- PARTNERSHIP APPROACH PROMOTIONAL
PARTNERSHIP
THANK YOU!