Cote d’Ivoire - Agricultural SectorsCote d’Ivoire - Agricultural Sectors
Côte d’Ivoire has a large agriculture potential as 75 percent of the national territory constitutes arable agricultural land. Agriculture accounts for 25 percent of GDP and 60 percent of export receipts. The sector employs two-thirds of the population. Côte d’Ivoire is net food-exporter of major of cash crops grown by small farmers including: cocoa, coffee, rubber, cotton, palm oil, cashew nuts and bananas. However, the country imports rice, wheat, corn meat and dairy products.
The main agricultural products are exported raw or unprocessed. Currently, opportunities exist for U.S. companies in processing cashew nuts, palm oil (bio-fuels), and other value-added products. Côte d’Ivoire is one of the world’s top exporters of cashews and also the leading African producer. Production of cashews has grown from 560,000 tons in 2014 to more than 635,000 tons in 2015. Only 10% of the production is processed. To increase this rate, the GOCI, through additions to the fiscal facilities in the investment code, has decided to give an incentive of $0.69 per kg of cashew processed. (http://www.cepici.gouv.ci/en/?tmp=image-top&p=investment-code).
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C te d Ivoire Agribusiness Trade Development and Promotion