Mauritania Trade

Subchapters:

  • Business Relationships
  • Foreign direct investment
  • FTAs ​​and Treaties
  • Development Cooperation
  • Prospective fields of study (MOP)

Business relations

Trade relations with the EU

Mauritania is slowly opening up to foreign investment. In 2012, the Investment Code was amended. The state mainly supports investment projects of the public-private partnership type in the field of transport infrastructure and energy. According to the law, special economic zones are also defined, but for now they are not functional. A free trade zone was also newly established in Nouadhibou (www.ndbfreezone.mr) with a number of benefits (eg exemption from import and export duties).

2017 2018 2019 2020 2021
Exports from the EU (million EUR) 734.4 709.1 795.3 730.6 755.1
Imports into the EU (million EUR) 560.2 595 676.8 493.4 655.1
Balance with the EU (million EUR) -174.2 -114.1 -118.4 -237.2 -100

Source: European Commission

Trade relations with the Czech Republic

The balance of foreign trade with Mauritania is highly positive for the Czech Republic. The turnover value of mutual trade between the Czech Republic and Mauritania had a dynamic growth trajectory – with peaks in the period 2010-2011. The main bearer of this dynamic is the export of Czech goods. Czech exports are traditionally made up of fabrics (in the long term around three quarters of the export value). The more than 4-fold increase in the export of this type of goods is one of the two factors of high export growth between 2009 and 2010. The second factor of the extreme increase in Czech exports is the export of airplanes both in 2010 and a year later. However, the latest updated figures from 2013 are unfavorable for Czech exports to Mauritania due to a drop in the export of cotton fabrics by up to 80%.

2017 2018 2019 2020 2021
Exports from the Czech Republic (billion CZK) 0 0 0 0 ON
Imports to the Czech Republic (billion CZK) 0.2 ON ON ON ON
Balance with the Czech Republic (billion CZK) 0.1 0 0 0 ON

Source: businesscarriers.com

Trade relations with countries outside the EU

Among the most important trade partners outside the EU are China, the United Arab Emirates and Japan. The main exports to China are iron ore and seafood.

2017 2018 2019 2020 2021
Exports from countries outside the EU (million EUR) 729.3 901.7 1 175.9 1,476.0 3 107.3
Imports to countries outside the EU (million EUR) 2,437.0 3 128.6 3,459.0 3,627.2 4 160.3
Balance with non-EU countries (million EUR) -1,707.7 -2,226.9 -2,283.2 -2 151.2 -1,053.0

Source: EIU, Eurostat

Foreign direct investment

Tracking foreign direct information in Mauritania is not quite simple. There is only a minimum of information. Their volume is very variable. In 2020, FDI represented around 11% of GDP.

We currently do not register any FDI from the Czech Republic to Mauritania.

FTAs and treaties

Treaties with the EU

Mauritania was the fifteenth West African country to sign the so-called Economic Partnership Agreement.

Contracts with the Czech Republic

There is currently no valid agreement between the Czech Republic and Mauritania. Both sides expressed interest in signing an Investment Protection Agreement, then possibly a Trade Cooperation Agreement, which would include a comprehensive format for mutual business contacts, including working groups and regular bilateral consultations.

Developmental cooperation

Mauritania is not among the priority countries of Czech development cooperation. In 2008, a so-called small local project to create a regional base for the sale of propane-butane cylinders was carried out in 2008 in the north-western part of the country (Ouaddan region) using only the funds of the Ministry of Foreign Affairs. purposes that exacerbate the problem of desertification.

In 2021, a so-called small local project was implemented in the Trarza area near the border with Senegal. His goal was to create a solar island system that supplies a small village with electricity. The project was part of a larger plan called Women Barefoot Solar Engineers of Africa.

Furthermore, in 2021, through the Czech government’s MEDEVAC program, a project was implemented in cooperation with DIAKONIA ČCE and the local branch of the Lutheran World Federation, the aim of which was to equip a clinic in the town of Bassikounou near the border with Mali, where the Mbera refugee camp is also located. Refugees from the Mbera camp can also use the medical services at the Bassikonou clinic.

Prospective fields of study (MOP)

Perspective fields within the Map of field opportunities are not processed for Mauritania.

Mauritania Trade