Continent: Europe
Official name: Grand Duchy of Luxembourg
Nature of the regime: Constitutional monarchy
Head of State: Grand Duke Henri of Luxembourg since October 7, 2000
Area: 2,586 km²
Currency: euro
Population: 0.6 million inhabitants
Capital: Luxembourg city
Main towns: Esch-sur-Alzette (36,300 inhabitants); Differdange (27,900 inhabitants ) ; Dudelange (21,600 inhabitants); Pétange (20,100 inhabitants); Sanem (17,900 inhabitants); Hesperange (15,700 inhabitants)
Official languages: Luxembourgish, French, German
Luxembourg and Cote d’Ivoire enjoy very good relations marked by high-level visits and the signing of economic cooperation agreements.
To this end, the Deputy Prime Minister of Luxembourg paid a visit to Cote d’Ivoire in October 2011 where he was received in audience by President Alassane Ouattara.
The President of the Economic and Social Council of Cote d’Ivoire, Charles Koffi DIBY paid a working visit from March 02 to 06, 2017 in Luxembourg.
In addition, Luxembourg and the European Investment Bank (EIB) signed on January 23, 2017 a cooperation agreement in the field of technical assistance for microfinance in African, Caribbean and Pacific (ACP) countries, including Cote d’Ivoire. This agreement, with a new envelope of 3.6 million Euros for the next three (03) years, will continue to combine expertise to support micro and small enterprise projects in a targeted and effective way. The aim is to contribute to socio-economic development and the fight against poverty.
In addition, several agreements in various fields have been signed between the two (02) countries, including the one signed on April 1, 1999 in Brussels between the Belgian-Luxembourg Economic Union and Cote d’Ivoire on the Promotion and Protection of Investments.
An economic forum is taking place in Abidjan in October 2018. 40 Luxembourg business leaders represented 27 companies, in order to boost trade between Cote d’Ivoire and the Grand Duchy of Luxembourg, which is considered very low.
A. The main products exported are: processed wood and mechanical and electrical appliances.
B. The main imported products are: pharmaceuticals, mechanical machinery, electrical machinery and household appliances.
|
Trade flows Cote d’Ivoire-Luxembourg (Value in million of CFAF) |
|||||
|
Years |
2018 |
2019 |
2020 |
2021 |
2022 |
|
Exports |
300 |
0 |
100 |
0 |
2 300 |
|
Imports |
3 400 |
4 300 |
4 400 |
4 300 |
9 400 |
|
Trade balance |
-3 100 |
-4 300 |
-4 300 |
-4 300 |
-7 100 |
|
Global bilateral exchanges |
3 700 |
4 300 |
4 500 |
4 300 |
11 700 |
Sources : DGE-DPPSE
Sources : DGE-DPCEI
- The value of bilateral trade reached 11,700 million of CFAF in 2022 compared to 4,300 million of CFAF in 2021;
- Over the period 2018-2022, the average value of Ivorian exports is estimated at 540 million of CFAF /year against 5,160 million of CFAF /year for imports;
- Over the period 2018-2022, the trade balance is in deficit for Cote d’Ivoire.