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FOREIGN TRADE
Major Export - Commodities of the country are crude oil and petroleum products, lumber, cocoa beans, aluminum, coffee, cotton
Main partners - Spain Italy, France , UK , U.S. , Netherlands
Main Imports - Commodities of the country are machinery, electrical equipment, transport equipment, fuel, food
Main Partners of the country are France , Nigeria , Belgium , U.S. , Germany , China and Italy.
The following diagram shows the merchandise trade of the country over the years.
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The over all trade scenario of the state is as follows:
| |
2000 |
2003 |
2004 |
| Merchandise trade (% of GDP) |
37.4 |
34.2 |
33.4 |
| Net barter terms of trade (2000 = 100) |
100.0 |
104.0 |
112.3 |
| Foreign direct investment, net inflows (BoP, current US$) |
-100,000.0 |
383.0 thousand |
291.0 thousand |
| Long-term debt (DOD, current US$) |
7.8 billion |
8.7 billion |
8.6 billion |
| Present value of debt (% of GNI) |
.. |
.. |
19. |
CONCLUSION
The country joined the World Bank in 1963. Since then, the Bank has focused on helping the country for achieving sustainable economic growth and reducing poverty.
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