Guinea - Trade AgreementsGuinea - Trade Agreement
Guinea has no free trade or export processing zones or warehouses, but a temporary license to conduct free trade transactions can be obtained with special permission from the Ministry of Economy and Finance. The government is currently exploring the idea of a free trade zone with China in the Boke mining region. Guinea is a member of the Mano River Union, which includes standardized customs tariffs between Guinea, Sierra Leone, and Liberia. Guinea is also a member of the Economic Community of West African States (ECOWAS), which includes fifteen countries: Benin, Burkina Faso, Cape Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea-Bissau, Guinea, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. ECOWAS is in the process of developing a customs union among its members, allowing for the free flow of goods and services between member nations. In addition, Guinea is a signatory of the African Continental Free Trade Area (AfCFTA), which is pending ratification by at least 22 signatories before going into effect. Signed by 44 out of 55 member states of the African Union (AU) as of July 2018, AfCFTA would create a continent-wide customs union and remove tariffs on 90% of traded goods. As of July 2018, two of the largest economies of AU – Nigeria and South Africa – have yet to ratify AfCTA.
Countries with bilateral investment protection agreements include Belgium, Benin, China, France, The Gambia, Germany, Iran, Italy, Japan, the Republic of Korea, Morocco, Nigeria, Saudi Arabia, Senegal, South Africa, Switzerland, Tunisia, Turkey, and the United Kingdom.
Guinea Trade Development and Promotion Trade Agreements