Senegal: Exporter Guide
A World Bank report indicates Senegalese economic growth will continue to accelerate in 2015 and 2016 due to the rebound in the agricultural sector coupled with the end of the Ebola epidemic in the region. The GDP is expected to grow by 5.3 percent for the period 2016-17. Dakar has a large expatriate population with relatively high disposable income to purchase food products and other consumer goods. Senegal's geographic position which is relatively close to the U.S. east and gulf coasts, and its relatively good roads, ports and airports, offer trading opportunities for U.S. food exporters, especially suppliers of bulk commodities (wheat and rice), intermediate (meat, condiments), and consumer-ready products (drinks and canned foods). The implementation of the new Economic Community of West African States (ECOWAS)’s Common External Tariff (CET) since January 2015 moved some agricultural products to a fifth band of products with a 35 percent tariff rate.