Togo: Yearly, exports from the Free-trade area generate more than CFA240 billion
Thursday, March 4, 2021
Togo: Yearly, exports from the Free-trade area generate more than CFA240 billion

Togo First

With over CFA240 billions of investments attracted since its creation, the Togolese free trade area exports about CFA242 billion worth of goods and services yearly, according to the Presidency.

Goods and services exported range from agro-food products to pharmaceuticals, banking software, beekeeping products, horticultural products, vehicle batteries, latest print products, etc. Companies supplying these benefits from tax incentives.

The Free-trade area generates a turnover of CFA268 billion per annum and its contribution to Togo’s GDP stands at CFA67.88 billion.

Now, Lomé, under its 2020-2025 development plan aims to boost the zone’s added value to the economy. It plans to do so by introducing major reforms, including some to operationalize the new Agency for the promotion of investments and the Free Trade area (API-ZF), as well to by commencing works to set up Adéticopé’s industrial platform (PIA).