2) A schedule of tariff commitments.
Located on the northern coast of the Gulf of Guinea on Africa’s west coast, the Togolese Republic is bordered by Ghana, Benin, and Burkina Faso. Togo is home to some 9 million inhabitants and boasts a diverse climate and vast arable lands that hold great potential for agricultural production.
The agriculture sector employs most of Togo’s workforce in the production of food crops such as cereals, tubers, and soybeans. Cash crops such as coffee, cocoa, and cotton are also important economic drivers, accounting for 20% of Togo’s export earnings.
EIF support to Togo began in 2008. Much has been achieved in the intervening years, particularly with regard to regional integration and the development of the cashew, shea, and soybean sectors both in the country and more broadly in the region.
Support has leveraged a variety of existing Togolese assets to drive economic and social development. For instance, the Port Autonome de Lomé (PAL) has highly competitive customs tariffs and allows exports to reach main European ports in an average of just seven days. Togo’s agricultural production is also highly regarded for its organic products, which are in great demand among European consumers.
Continue reading with Eandel
Subscribe to unlock the complete story and receive your subscriber benefits.
