Benin investment climate pdf

Bordered by togo, nigeria, burkina faso, and niger, benin has a 121kilometerlong coastline on the gulf of guinea and a population of close to 11. Benin is a member of unctads international network of transparent investment procedures. Benin is a member of ohadas common court of justice and arbitration ccja and the international center for the settlement of investment disputes icsid. Attitude toward foreign direct investment the government of benin gob encourages foreign investment. The world bank supports benin s poverty reduction strategy to increase growth, improve basic services access, governance and institutional capacity building. It will focus on the specific institutional, financial, and economic barriers to scaling up bioenergy, hydro, solar, and wind energy.

The presidential investment council pic was established in 2006 to reinforce dialogue between the government and investors and to hasten the implementation of reforms that improve benins business environment. The expected impact of climate change in benin, especially the projected rise in. Benin does not have a bilateral taxation treaty with the united states, though it is eligible under the african growth and opportunity act agoa to export certain items dutyfree to the united states. In benin s case, half the nations population over 3 million inhabitants is on the coast and in the city of cotonou, in the gulf of guinea. Benin seeks to develop its abundant, untapped renewable energy resources to expand energy access and economic opportunity for its people, but it faces high initial investment costs and regulatory and other barriers. Strengthening the resilience of the energy sector in benin.

The eu can contribute to investment climate improvements through a wide range of tools at its disposal. Benin is designing a srep investment plan to help accelerate electricity generation through various renewable energy technologies. Department of states investment climate statements, prepared annually by u. In benin, like most other coastal nations, a high proportion of the population and the largest city are on the coast. Handbook on improving the investment climate through eu action.

In an effort to attract foreign direct investment fdi, benin is in the process of instituting a visafree system for african nationals. Guinea has bilateral investment agreements with benin, burkina faso. Although the government has tried to attract foreign investment by continuing its efforts to improve the business environment, ongoing civil unrest, bureaucratic. In 2015, it set up an investment and exports promotion agency apiex as a onestop business startup, investment promotion, and foreign trade promotion center. Benininvestmentclimatestatementec848122020 adobe acrobat reader dcdownload adobe acrobat reader dc ebook pdf. Work on documents anywhere using the acrobat reader mobile app its packed with all the tools you need to convert edit and sign pdfs you can use your device camera to capture a document whiteboard or receipt and save it as a pdf. Climateinduced pressures are negatively impacting impacting the energy sector in benin. Those traveling on nonafrican passports will be able to obtain nonimmigrant visas at any official point of entry into benin.

Since 2015, it has had a onestop business startup, investment promotion, and foreign trade promotion center, the investment and exports promotion agency apiex. Coupled with inefficient household and commercial equipment fridges, tv, ac, fans and nonefficient lighting of buildings, there. Benin investment climate statement benin investment climate this information is derived from the state departments office of investment affairs investment climate statement. The united nations details investment procedures in benin. Strengthening the links between growth and poverty reduction will require boosting productivity, enhancing the business and investment climate, and promoting. As average temperatures rise, electricity demand is increasing with more intensive and longer use of air conditioning, ventilation and refrigeration needed during the year. Benin investment climate statementbenin investment climate this information is derived from the state departments office of investment affairs investment climate statement. Benin continues its efforts to attract private investment in support of economic growth a link the government sees as central to boosting benins development prospects.