International Trade in the D.P. Congo

International Trade in D.P. Congo

The economy of the Democratic Republic of Congo (DRC) is still marked by the two decades of political conflict which shook the country.  In spite of a relaunch of the Congolese economy since the transition, sustained by the massive support of financial aid sponsors, a clear slowdown was... Read more

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Market Analyses About the D.P. Congo (20)

Import and Export Services in the D.P. Congo (11)

  • Kayex Global Import & Export

    Kayex Global Import & Export

    Ocean Freight, the D.P. Congo

    We offer our clients a wide range of services & transportation modes as well as expert advice on which of these modes of...
  • CFP International

    CFP International

    Trade Finance, the D.P. Congo

    We are CFP International. We provide unique trade finance services for import businesses around the world. We add value to our...

Business Tips About the D.P. Congo (13)

Agents and Distributors in the D.P. Congo (6)

  • African Libanga

    African Libanga

    Trading Companies, the D.P. Congo

    African Libanga is a mining consulting company from the Democratic Republic of Congo. We work closely with mining cooperatives from...
  • DOMUS CAPITAL SA

    DOMUS CAPITAL SA

    Military Sales and Contracting, the D.P. Congo

    DOMUS CAPITAL is an international trade platform. Opportunities and constant demands of our customers led us to expand into Europe,...

Overview About International Trade in the D.P. Congo

Economic Overview

The economy of the Democratic Republic of Congo (DRC) is still marked by the two decades of political conflict which shook the country.  In spite of a relaunch of the Congolese economy since the transition, sustained by the massive support of financial aid sponsors, a clear slowdown was observed in 2009 due to the international financial crisis and the drop in raw material prices.  The global revival, the increase in prices, the international financial aid and the reforms adopted by the government have allowed an economic recovery in 2010.  After having dropped to 2.8% in 2009, the growth increased to 5.4% in 2010 and it should continue to strengthen.

 

The government has negotiated with the IMF a new program of extended credit facility (FEC) and engaged itself to establish a series of structural measures aiming to promote a strong growth, to control inflation and to improve the business climate.  Some factors, such as the low quality of infrastructures, corruption, lack of transparency in government's policies and an uncertain legal framework continue to slowdown the country's growth;  in addition, the humanitarian crisis and the domestic conflicts undermine the co...

News Related to International Trade in the D.P. Congo

  • DP World’s Profit Surges in Uncertain Trade Environment - Aug 24, 2019

    Profit for the period increased to USD 753 million, representing a growth of 26.8% on a reported basis. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

    Source: World Maritime News

  • DP-world-commissions-usd-650-million-container-terminal-turkey - Aug 02, 2019

    Title: ISPAT attracts one of the world's top terminal operators to Turkey Article Date: 5/16/2016 Page Content: DP World, a leading enabler of global trade and an integral part of the supply chain, held an inauguration ceremony in Yarimca, Kocaeli to mark the commissioning of its USD 650 million greenfield container terminal. The new facility, with a handling capacity of 1.3 million TEU, features remote-controlled and automated operations. It also represents the first infrastructure project in Izmit Bay to be run by an international operator.   Turkish President Recep Tayyip Erdo?an joined via video conference the inauguration ceremony at which were present Prime Minister Binali Yldrm; Minister of Foreign Affairs Mevlüt ?avu?o?lu; and ISPAT President Arda Ermut. Commenting on the new terminal, Erdo?an said, ??DP World Yarimca will reduce costs and increase the competitiveness of industrial and trading companies located in our region.?   Speaking at the ceremony, Binali Yldrm extended his gratitude to Chairman of DP World Group, Sultan Ahmed bin Sulayem, and CEO of DP World Yarimca, Nichola Silveira, for their confidence in Turkey??s business environment. Yldrm said, ??Turkey??s geostrategic position enables access to a market of 1.5 billion people and a combined GDP of USD 30 trillion within a 3-hour flight from Istanbul. Turkey is one of the most important business hubs at a time when the world??s economic center of gravity continues to shift to East. That??s why we are building the world??s largest airport in Istanbul and 4th largest suspension bridge on Izmit Bay. DP World Yarimca will also be a milestone in this journey.?   During his speech ISPAT President Arda Ermut said, ??Since ISPAT gave support to DP World??s Yarimca project from the very beginning, today we are taking justified pride in accomplishing such an important and innovative investment for our country. I believe that this investment will not only contribute to Turkey??s exports and its logistic capacity, but also give a new impulse to the Turkish economy and usher in a new vision for the logistics sector in Turkey and the region.?   Assisted by ISPAT at every stage of the investment process by coordinating more than 20 stakeholders, DP World Yarimca Terminal will employ 650 people to reach a handling capacity of 1.3 million TEU, which is currently more than 10 percent of Turkey??s total capacity. The terminal is the first in Turkey to use remote-controlled gantry cranes with automated gate operations and fast scanner x-ray machines that can scan two containers every minute. Page Description: DP World held an inauguration ceremony in Yarimca, Kocaeli to mark the commissioning of its USD 650 million greenfield container terminal. Page Image:

    Source: INVEST IN TURKEY

  • DP World: Djibouti’s Breakdown of Rule of Law Threatens Investment in the Country - Aug 02, 2019

    DP World: Djibouti's recent action to denounce the Rule of Law is threatening any investment in the country. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

    Source: World Maritime News