In brief:
- In addition to its membership in the African Union (AU), the Economic Community of West African States (ECOWAS), and the West African Economic and Monetary Union (WAEMU), Côte d'Ivoire is a party to several multilateral and bilateral agreements.
- The country has agreements with the European Union (EU), China, India, and the United States of America (USA) under the African Growth and Opportunity Act (AGOA), the Millennium Challenge Corporation (MCC), ...
Côte d'Ivoire has signed 20 Agreements for the Promotion and Protection of Foreign Investments (APIE) with its partners, of which 16 are in force.
The United Nations Conference on Trade and Development (UNCTAD) currently counts nearly 3,000 Bilateral Investment Treaties, of which 2,339 are in force internationally.
International cooperation agreements play a crucial role in the growth of the Ivorian economy. Through the signing of various agreements such as the Agreements for the Promotion and Protection of Foreign Investments (APIE), Côte d'Ivoire has successfully attracted external resources and stimulated its economic development. These agreements aim to promote a favorable environment for foreign investments by providing protection guarantees and encouraging economic cooperation between Côte d'Ivoire and other countries.
In this dynamic, Côte d'Ivoire has signed 20 APIEs with its partners, of which 16 are currently in force. These strategic partnerships have paved the way for numerous opportunities that have contributed to the country's growth and the realization of major projects.
Some achievements resulting from these cooperation agreements include:
- the transformation of Ivorian debt to France into a Development and Debt Relief Contract (C2D) in 2012;
- the cancellation of almost all Ivorian debt to the United States in 2013, amounting to 214.3 million US dollars, or 108.98 billion CFA francs, representing 98.3% of said debt under the Heavily Indebted Poor Countries (HIPC) Initiative;
- Côte d'Ivoire's eligibility in October 2012 for the African Growth and Opportunity Act (AGOA);
- the Economic Partnership Agreement (EPA) between West Africa and the European Union (EU) initialed in June 2014. It was signed by the 28 EU countries on December 12, 2014, and by 15 West African countries, including Côte d'Ivoire, in December 2014;
- Côte d'Ivoire's eligibility since December 16, 2015, for the Millennium Challenge Corporation (MCC) Compact Program, which has allowed the country to benefit from approximately 315 billion CFA francs for the financing of various projects;
- the opening of the OPIC (Overseas Private Investment Corporation) agency headquarters in Abidjan on January 8, 2016;
- the signing on November 3, 2022, of a memorandum of understanding with EXIMBANK USA regarding the creation of financing opportunities of 300 billion CFA francs;
- the implementation of the project for the safeguarding and enhancement of the Cocody Bay;
- the financial agreement of 1.4 billion euros (918.3 billion CFA francs), signed on June 11, 2017, to complete the financing of the Abidjan metro line 1, which will connect the commune of Anyama to that of Port Bouet;
- the construction of the Ivorian-Japanese Friendship Bridge at the Solibra intersection (first phase);
- the interconnection projects between Côte d'Ivoire and Ghana (WAPP), the 37.5 MWh solar power plant in Boundiali, the doubling of the Taabo – Yamoussoukro – Kossou – Bouaké road;
- the water supply for the city of Abidjan from Bonoua (49.8 billion CFA francs);
- the construction of the "Concorde Residences" by SICOGI (31.2 billion CFA francs);
- the construction of the Abidjan-Bassam highway (54.7 billion CFA francs);
- the construction of the Soubré Hydroelectric Dam (250 billion CFA francs);
- the construction of the Olympic Stadium of Ebimpé (63 billion CFA francs);
- the signing of a delivery agreement for 500 buses by TATA MOTORS to the Abidjan Urban Transport Company (SOTRA).