TRALAC - Trade Law Centre

Country Info: Togo

Economic Background

This small, sub-Saharan economy depends heavily on both commercial and subsistence agriculture, which provides employment for a significant share of the labor force. Some basic foodstuffs must still be imported.

Cocoa, coffee, and cotton generate about 40% of export earnings with cotton being the most important cash crop.

Togo is among the world's largest producers of phosphate and Togo seeks to develop its carbonate phosphate reserves. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors.

Foreign direct investment inflows have slowed over recent years. Togo completed its IMF Extended Credit Facility in 2011 and reached a HIPC debt relief completion point in 2010 at which 95% of the country's debt was forgiven. Togo continues to work with the IMF on structural reforms. (Source: World Factbook, 2013).

In August 2017, Togo successfully hosted the annual US-Africa AGOA Forum. 

 

Downloads

Related News

How African countries can maximise the benefits that AGOA provides

How African countries can maximise the benefits that AGOA provides

Since the year 2000, the African Growth and Opportunity Act (AGOA) has given eligible African countries duty and quota free access to the United States’ markets. This has created an opportunity for African businesses, big or small to meet, trade with new markets and improve the quality of their products. Over the years, it has been described as a catalyst for democracy...

31 October, 2017
Togo qualifies for AGOA textile and apparel benefits

Togo qualifies for AGOA textile and apparel benefits

As the U.S. continues its wholesale review of all trade agreements and preference programs—including the African Growth and Opportunity Act—it seems to still be building up on the AGOA program that’s so far still set to run through 2025. Last month, the United States Trade Representative said Togo is now eligible to enjoy trade benefits under AGOA for textile and...

25 August, 2017
How African countries can maximise the benefits AGOA provides

How African countries can maximise the benefits AGOA provides

Since the year 2000, the African Growth and Opportunity Act (AGOA) has given eligible African countries duty and quota free access to the United States’ markets. This has created an opportunity for African businesses, big or small to meet, trade with new markets and improve the quality of their products. Over the years, it has been described as a catalyst for democracy...

25 August, 2017
Togo's trade minister laments suboptimal use of AGOA provisions

Togo's trade minister laments suboptimal use of AGOA provisions

Togo's trade minister said here Tuesday that the United States' African Growth and Opportunity Act (AGOA) is "not used optimally" by African economies. Bernadette Legzim-Balouki, Togolese minister of trade and private sector promotion, said this during the session on the private sector and civil society at the 16th Forum of the AGOA in Lome, capital of Togo. The Togolese...

09 August, 2017
Reps Brady & Reichert express strong support for AGOA as US co-hosts forum in Togo

Reps Brady & Reichert express strong support for AGOA as US co-hosts forum in Togo

WASHINGTON, D.C. – Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) and Trade Subcommittee Chairman Dave Reichert (R-WA) issued the following statements as the United States and Togo co-host the 2017 African Growth and Opportunity Act (AGOA) Forum this week to further strengthen important economic ties between the United States and Africa. Reinforcing his...

08 August, 2017
Press Release: US delegation at 2017 AGOA Forum in Togo

Press Release: US delegation at 2017 AGOA Forum in Togo

Office of the Spokesperson, Washington, DC, August 7, 2017 Senior Bureau Official for African Affairs Peter Barlerin will travel to Togo from August 7 – August 10 as part of the delegation led by U.S. Trade Representative Robert Lighthizer to attend the 2017 African Growth and Opportunity Act (AGOA) Forum, held August 8-10 in Lomé, Togo. Established by AGOA...

07 August, 2017