Cote d’Ivoire and India established diplomatic relations since November 30th, 1962. India opened its Embassy in Abidjan in 1987 while Cote d’Ivoire, during many years, ensured its diplomatic representation in India respectively by its Embassy in China then by the one in Moscow.
It is only in 2005 that the diplomatic mission of Cote d’Ivoire in New Delhi was opened by H.E.M. Gilbert BLEU-LAINE as first Ambassador. He presented his letters of accreditation to President Abdul KALAM, then Head of the State of India, on September 29th, 2004.
ECONOMIC AND COMMERCIAL TIES
Trade between Cote d’Ivoire and India is governed by a Trade agreement signed in Abidjan on February 17th, 1993. If the principle of the creation of a Joint Trade Commission has been decided since that period of time, it is only in August 2006 that this Commission was formalized by an Agreement signed by the Foreign Ministers of the two countries, during a meeting held on August 3rd of the same year.
That first great session of the Joint trade Committee ivoiro-Indian made it possible to the two parties to examine draft agreements in several fields, in particular: agriculture, trade, transport, mines and energy, finances and investments, culture, health, tourism, education. The two Ministers also signed a memorandum of agreement between the Ministries for the Foreign Affairs of their two countries.
- Exports of Cote d’Ivoire to India
Exports from Cote d’Ivoire to India relate to a pretty limited number of products, in particular:
- Agriculture: cashew nut (in 2002 the receipts of sales of Cote d’Ivoire to India reaches a maximum of 295.791 tons). Cote d’Ivoire, first African producer of cashew nut, is also the principal supplier of the Indian market of raw cashew;
- Industrial agriculture: cotton in mass;
- Wood (sawlog and transformed wood). Teak wood of Cote d’Ivoire is more and more requested by the Indian market;
- Preserves and food preparation: it is primarily about the transformed cocoa whose exported volumes are still very modest;
- Imports of Cote d’Ivoire coming from India
Cote d’Ivoire imports from India “semi-blanchi” rice (162.324 tons imported in 2003 for 17,872 billion CFA), pharmaceutical products, chemicals, metallic products, ceramic, glass, stone, vehicles.
However, all these products, though qualified as important in terms of tonnage and value, record only relatively modest amounts exceeding rarely the billion F CFA.
- The trade balance
1999 to 2003, and even today, the balance of this trade balance is largely in favor of Cote d’Ivoire. It was indeed, respectively of 125,298 billion F CFA in 1999; 429,072 billion F CFA in 2000; 367,467 billion F CFA in 2001, 289,697 billion F CFA in 2002 and 355,786 billion F CFA in 2003.
- Financings of projects in Cote d’Ivoire by India
India grants financing for the implementation of some projects in Cote d’Ivoire in two forms: financings within the framework of the TEAM 9 and financings out of the TEAM 9.
-- TEAM 9 Financings
In order to intensify its co-operation with Africa, India initiated a technico-economic mechanism with eight (08) African countries called TEAM-9 (Techno-Economic Approach for Africa-India Movement).
This initiative, which gathers India, Burkina Faso, Cote d’Ivoire, Ghana, Guinea-Bissau, Guinea Equatorial, Mali, Senegal and Chad, consists in identifying and carrying out, in the Member States, priority projects and the programs of co-operation as regards agriculture, industry, infrastructures, sciences and technology, training, etc...
From this point of view, India allocated with the eight African countries members, by the means of EXIM BANK OF INDIA, a preferential credit limit of 500 million dollars for a financial assistance with the various projects and programs retained within the framework of the co-operation of the TEAM 9. In 2006 and 2007, Cote d’Ivoire was given the TEAM 9 financing for the projects hereafter:
- Supply by the Indian company TATA MOTORS of 400 buses to the SOTRA;
- Transformation of cashew nut into finished products, with beneficiary institution the National Federation of the Producers of cashew (FENOPACI)(FENOPACI) ;
- Oil extraction from seed of palm tree project, the beneficiary entity is the National Federation of the Producers of Palm tree with oil (FENACOPAH-CI).
Other projects, in the course of execution, are also given financings within the framework of the TEAM 9:
- Transformation of the cassava(manioc) into various semi-finished products and finished (starch and glucose);
- Production of chips from local fruit and vegetables;
- Technological park (free Trade Zone) of
- Center of demonstration of Indian machines in Cote d’Ivoire, partners of the project are, I2T for Cote d’Ivoire and NRDC for India.