International Trade in Guinea

International Trade in Guinea

In spite of its considerable economic potential, Guinea has been having problems to start up its growth. The slump which resulted from slips in the implementation of economic reforms has been accentuated by the global financial crisis and the domestic socio-political crisis. The economy... Read more

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Market Analyses About Guinea (27)

Import and Export Services in Guinea (55)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Guinea

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • Universal import-export sarl

    Universal import-export sarl

    B2B Marketing, Guinea

    I'm from guinea conakry & currently working for Guinea company for extracting gold dust and rough uncut diamond from Guinea &...

Business Tips About Guinea (15)

Agents and Distributors in Guinea (15)

  • Agro - Vital Pan-African company

    Agro - Vital Pan-African company

    Food/Agricultural Sales and Distribution, Guinea

    Agro-vital was born out of the idea of ‚Äč‚Äčincreasing these various generating activities of its members and of benefiting a greater number...
  • GK Supply

    GK Supply

    Machinery Sales and Distribution, Guinea

    Gaffney-Kroese Supply Corp. is a global provider of industrial equipment, machinery, instruments, apparatus and supplies to all types of...

Overview About International Trade in Guinea

Economic Overview

In spite of its considerable economic potential, Guinea has been having problems to start up its growth. The slump which resulted from slips in the implementation of economic reforms has been accentuated by the global financial crisis and the domestic socio-political crisis. The economy contracted by 0.3% in 2009, mainly because of the sharp drop in aluminum prices, the primary derivative of the country's exports. Political stabilization and economic recovery have enabled the growth to rise to 3% in 2010. It is expected to strenghten in 2011. The country's growth is driven by exports and investment in the mining sector.

The new government has shown its willingness to resume dealings the the international financial institutions and to implement economic and social measures within the Poverty Reduction and Growth Facility (PRGF), negotiatied for the period of 2007-2010 with the IMF btu cancelled after the state coup lead by Dadis Camara. The improvement in public finances management, the reform of the financial system and the support of the social sector are the main paths followed by the government.

Guinea is a poor country with per capita real income declining by

News Related to International Trade in Guinea

  • EU signs Sustainable Fishing Partnership Agreement Protocol with Guinea Bissau - Sep 02, 2019

    On 15 June, the EU and Guinea Bissau signed a new 5-year protocol to the existing Sustainable Fishing Partnership Agreement (SFPA). This new protocol fully reflects the long-standing spirit of the EU partnership and the general principles of the EU Common Fisheries Policy such as sustainable management of resources, legal stability, transparency, science-based access and monitoring, and the sustainable development of the partner country fisheries sector.

    Source: EC Europe

  • Guinea, Namibia and Honduras join the fight against tax evasion - Aug 27, 2019

    Guinea, Namibia and Honduras have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes, announcing their commitment to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information.

    Source: OCDE

  • Guinea-Bissau Reaffirms Unconditional Support to Morocco's Territorial Integrity and Autonomy Plan: Joint Statement - Aug 24, 2019

    The Government of the Republic of Guinea-Bissau reiterated its "unconditional support" to the territorial integrity of the Kingdom of Morocco as well as the Moroccan autonomy plan as the only solution to the dispute over the Moroccan Sahara, says a joint statement issued on the occasion of the working visit to the Kingdom of the Minister of Foreign Affairs and Communities of Guinea-Bissau, Mrs. Suzi Carla Barbosa.

    Source: KINGDOM OF MOROCCO