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Côte d'Ivoire and Senegal Sign 12 New Deals to Boost Economic Ties

Friday, 02 August 2024 16:51
Côte d'Ivoire and Senegal Sign 12 New Deals to Boost Economic Ties

(Ecofin Agency) - The governments of Côte d'Ivoire and Senegal have strengthened their economic ties with the signing of twelve new cooperation agreements. The deals were inked during the 10th session of their joint commission held in Abidjan on Monday, August 1, 2024.

According to a statement from the Ivorian government, these agreements cover various strategic sectors such as agriculture, trade, mining, energy, hydrology, education, youth, and transportation. The aim is to boost bilateral cooperation and reinforce sub-regional integration.

Foreign Ministers Kacou Léon Adom of Côte d'Ivoire and Yassine Fall of Senegal emphasized the need for diligent follow-up to ensure the effective implementation of the commission's conclusions.

Economic relations between Yamoussoukro and Dakar are diverse, based on significant trade exchanges, cross-investments, and joint infrastructure projects. They collaborate as members of the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU) to promote regional integration and economic development.

Trade between Côte d'Ivoire and Senegal has seen notable growth in recent years. According to the International Trade Center, trade between the two countries increased from $371.05 million in 2021 to $408.88 million in 2023.

 
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