Somalia

Quick Facts

Official Name Somalia Somalia
Capital Mogadishu
Location Eastern Africa, bordering the Gulf of Aden and the Indian Ocean, east of Ethiopia
Area total: 637,657 sq km land: 627,337 sq km water: 10,320 sq km
Climate principally desert; northeast monsoon (December to February), moderate temperatures in north and very hot in south; southwest monsoon (May to October), torrid in the north and hot in the south, irregular rainfall, hot and humid periods (tangambili) between monsoons
Terrain mostly flat to undulating plateau rising to hills in north
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Trade Agreements

Cotonou Agreement

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The Cotonou Agreement is aimed at the reduction and eventual eradication of poverty while contributing to sustainable development and to the gradual integration of ACP countries into the world economy. The revised Cotonou Agreement is also concerned with the fight against impunity and promotion of criminal justice through the International Criminal Court. The agreement also provides for reciprocal trade agreements, meaning that not only the EU provides duty-free access to its markets for ACP exports, but ACP countries also provide duty-free access to their own markets for EU exports.

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Greater Arab Free Trade Area (GAFTA)

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  GAFTA is supervised and run by the Arab Economic Council in the Arab League. GAFTA has a high income, population, and area and has significant resources available. The Greater Arab Free Trade Area was a project adopted in 1997, when 17 Arab League members agreed on decreasing the customs on local production and to make an Arab Free Zone for exports and imports between members.

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Trade Organizations

Community of Sahel-Saharan States (CEN-SAD)

CEN-SAD is a Regional Economic community of the Organization of African Unity. The organization looks to implementing a community that comprises of sustained socio-economic development. CEN-SAD looks to free movement of persons, capitals and interests of nationals of members. Right of establishment, ownership and exercise of economic activity. Last, free trade and movement of goods, commodities and services from members.

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Intergovernmental Authority on Development (IGAD)

IGAD was formed after severe drought and the purpose of the organization was the development and drought control of the regions. Now IGAD is now also a forum for regional security and political dialogue.

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Data Center

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