Does Togo have trade barriers?

Does Togo have trade barriers?

Tariff and Trade Barriers Tariffs imposed by Togo in 2019 are below. The maximum rate of tariff in percentage on any product is 35.

What is the main export of Togo?

Exports: The top exports of Togo are Refined Petroleum ($410M), Crude Petroleum ($187M), Electricity ($141M), Calcium Phosphates ($95.7M), and Raw Cotton ($87M), exporting mostly to India ($322M), Benin ($290M), Burkina Faso ($113M), France ($113M), and Morocco ($103M).

What countries does Togo trade with?

Togo top 5 Export and Import partners

Is Togo a rich or poor country?

Togo is a relatively small sub-Saharan nation that is situated along the Gulf of Guinea with a population of approximately 7.6 million people. A 2008 UNICEF report found that 81.2 percent of Togo’s rural population lived below the poverty line, making it one of the “world’s poorest countries.”

How much is Togo worth?

$5.502 billion (nominal, 2019 est.)

Can we export to Togo from India?

The main commodities exported by India to Togo are mineral fuels, mineral oils and products of their distillation, cereals and preparation of cereals cotton, articles of apparel and clothing, iron and steel articles, man-made filaments, man-made staple fibers, drugs and pharmaceuticals, machinery and mechanical …

Is Togo dangerous?

Violent crime, theft and pick-pocketing are common throughout Togo and you should be especially cautious in Lomé along the beach and in the markets. Attacks occur during daylight as well as at night. You should avoid travelling alone where possible, even within Lomé city limits, especially at night.

What is the climate in Togo?

The climate is generally tropical with average temperatures ranging from 27.5 °C (81.5 °F) on the coast to about 30 °C (86 °F) in the northernmost regions, with a dry climate and characteristics of a tropical savanna.

Is Togo a safe country?

Why is Togo so poor?

Although Togo is one of the world’s top five producers of phosphates, an otherwise prosperous resource used in fertilizers, its inhabitants remain poor and almost entirely dependent on humanitarian foreign aid. Thus, the rates of poverty in Togo are very high.

What kind of trade does Togo have with China?

Togo Balance of Trade. Togo’s trade deficit is the result of large oil and natural gas imports to satisfy energy needs. Togo is a net exporter of coffee, cocoa, maize and cotton. In recent years, export of limestone, marble and phosphate has been gradually increasing. Togo’s main trading partner is China…

What kind of food do they eat in Togo?

Fufu is a traditional food in Togo that is considered a countrywide favorite. Its main ingredient is yam. To make fufu, the yam is first boiled and then mashed.

Why is there a trade deficit in Togo?

Togo’s trade deficit is the result of large oil and natural gas imports to satisfy energy needs. Togo is a net exporter of coffee, cocoa, maize and cotton. In recent years, export of limestone, marble and phosphate has been gradually increasing.

What kind of economy do people in Togo have?

Agriculture provides the mainstay of the economy, employing close to four-fifths of the active population. Farmers grow food for subsistence and for sale. Land Tenure and Property. Private property exists in Togo alongside traditional community custodianship, and land is bought and sold under both systems.

What kind of trade does Togo have with the US?

Trade Agreements: The U.S. and the West African Economic and Monetary Union (UEMOA), which includes Togo, have a Trade & Investment Framework Agreement (TIFA). Togo is currently our 115th largest goods trading partner with $577 million in total (two way) goods trade during 2018. Goods exports totaled $564 million; goods imports totaled $13 million.

Despite insufficient rainfall in some areas, the Togolese Government has achieved its goal of self-sufficiency in food crops — maize, cassava, yams, sorghum, pearl millet, and groundnut. Small and medium-sized farms produce most of the food crop; the average farm size is one to three hectares .

Why is Togo a good place to live?

Togo is a small country in the west of Africa that is fast becoming a more appealing prospect for expats. Togo acts as a regional commercial and trade center for the West Africa region and economic reform measures have helped to attract more foreign investment as well as expats planning a life in Togo.

What are the major cash crops in Togo?

Food and cash crop production employs the majority of the labor force and contributes about 42% to the gross domestic product (GDP). Coffee and cocoa are traditionally the major cash crops for export, but cotton cultivation increased rapidly in the 1990s, with 173,000 metric tons produced in 1999.