Sierra Leone Trade

Subchapters:

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

Business relations

Trade relations with the EU

ON

2017 2018 2019 2020 2021
Exports from the EU (million EUR) 186.4 163.8 165.2 188.7 250.7
Imports into the EU (million EUR) 262.3 230.9 267.4 210.6 271.8
Balance with the EU (million EUR) 75.9 67 102.2 21.9 21.1

Source: European Commission

Trade relations with the Czech Republic

Trade exchange between the Czech Republic and Sierra Leone is almost non-existent

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

Source: businesscarriers.com

Trade relations with countries outside the EU

Main trading partners (Exports) Guinea, Senegal, Liberia, United Arab Emirates, Cameroon, China, EU27, Ghana, South Korea (Imports) United Arab Emirates, China, EU27, Guinea, India, Turkey, USA, Switzerland, Brazil, Nigeria etc.

2017 2018 2019 2020 2021
Exports from countries outside the EU (million EUR) 592.1 734.7 836.1 469.5 674.1
Imports to countries outside the EU (million EUR) 718.8 755.4 864.3 784.9 928.5
Balance with non-EU countries (million EUR) -126.7 -20.8 -28.2 -315.4 -254.4

Source: EIU, Eurostat

Foreign direct investment

ON

FTAs and treaties

Treaties with the EU

ON

Contracts with the Czech Republic

Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of Sierra Leone on Cultural Cooperation of 1984 Agreement between the Government of the Czechoslovak Socialist Republic and the Government of Sierra Leone on Air Transport of 1969

Sierra Leone has signed and ratified the African Continental Free Trade Agreement (AfCFTA). Trade under the AfCFTA agreement was launched in January 2021. The AfCFTA is the most ambitious integration initiative of the African continent enshrined in the African Union’s Agenda 2063, the main objective of which is to create a single continental market for goods and services with free movement of people and investment, thus expanding intra-African trade across the continent, strengthen competitiveness and support economic transformation in Africa.

Developmental cooperation

Team Europe mobilized resources in response to Sierra Leone’s request for medical assistance, providing medical personnel and equipment to support victims of the November 5 tanker explosion in Freetown. The Czech Republic responded to Sierra Leone’s call by providing medical supplies.

Prospective fields of study (MOP)

Mining – Large deposits of diamonds, gold, copper, nickel and iron ore. Further research is needed to assess the feasibility of commercializing mining nationwide.

Infrastructure – The government wants to support the development of railways, maritime transport and telecommunications, which are essential for the day-to-day running of the country.

Energy – the energy sector is open to foreign investors, especially in the field of renewable energy sources

 

Practical telephone numbers (emergency services, police, firemen, information lines, etc.)

International code: +232

Police, Ambulance and Firefighters: +232 22 000 112

From all phones in Sierra Leone: emergency 999 police 999 fire 019

From a mobile phone in Sierra Leone: all emergency services: 112

Important web links and contacts

State House – statehouse.gov.sl

Ministry of Finance and Economic Development – mofed.gov.sl

Ministry of Trade and Industry – trade.gov.sl

Bank of Sierra Leone – bsl.gov.sl

Corporate Affairs Commission – cac.gov.sl

National Procurement Authority – publicprocurement.gov.sl

National Revenue Authority – nra.gov.sl

National Social Security and Insurance Trust – http://nassit.org.sl/

National Tourism Board – ntb.sl

Office of the Administrator and Registrar General – oarg.gov.sl

Office of Diaspora Affairs – diasporaaffairs.gov.sl

Sierra Leone Police – police.gov.sl

Statistics Sierra Leone – statistics.sl

Environmental Protection Agency – epa.gov.sl

Chamber of Commerce – https://www.chamber-commerce.net/dir/3777/

Sierra Leone Trade