Senegal is a member of the West African Economic and Monetary Union (WAEMU), a regional organisation of 8 countries and 112 million inhabitants representing a market of 90 million consumers, whose mission is to promote economic integration by strengthening the competitiveness of their economies within the framework of an open and competitive market and a harmonised legal environment.
Senegal is also a member of the Economic Community of West African States (ECOWAS), a regional bloc of 15 countries (approximately 360 million inhabitants) to promote economic integration in various sectors, including transport, energy, industry, agriculture, natural resources and trade.
As an important member of the above economic blocs, and thanks to its strategic position, Senegal is a gateway to a large market of more than 300 million consumers in Africa.
Member of :
The West African Economic and Monetary Union (WAEMU) ;
La Communauté économique des États de l’Afrique de l’Ouest (ECOWAS) ;
The African Union (AU) ;
The Organisation for the Development of the Gambia River(OMVG) ;
And the Organisation for the Development of the Senegal River (OMVS).
Senegal benefits from preferential access to European (EU/ACP agreements), American (AGOA) and Canadian (Canadian Initiative Act) markets. These measures allow consumer goods to be exported to these markets without quotas and free of duty or at reduced rates.
Senegal is less than 5 hours from Europe and 7 hours from the United States by plane. Dakar is at the crossroads of many maritime routes and has a real comparative advantage for sea freight. The connection is made in less than 6 days for Europe and in 7 days for the United States. The port of Dakar offers quality logistics services and a direct link with trains and major roads.