Excellent access to markets

Updated: 2012-06-29 08:07

(China Daily)

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 Excellent access to markets

Congo's Constitutional Court.

The Congolese population is small and its incomes are limited. According to "L'Enqute Congolaise Auprs des Mnages" (the Congolese Household Survey) conducted by "Le Centre national de la Statistique et des Etudes Economiques" (National Center of Statistics and Economic Studies), 50.7 percent of the overall population lives below the poverty threshold, on less than a dollar per day per person.

However, the poverty rate fluctuates according to the residency area and the sector of activity.

Pointe Noire, for example, is the economic hub that provides a base for numerous structured enterprises and the population takes advantage of the high salaries offered by the large private enterprises, especially petroleum companies, and benefits from a relatively strong buying force.

In Brazzaville, the political and administrative capital, it is usually only the top executives of the public sector, professors, magistrates, and some executives from the Para-governmental and private sector that benefit from high incomes.

These cities account for 33.5 percent and 42.3 percent of households living below the poverty threshold.

Countries from the sub-region offer Chinese investors many markets to export goods and services.

Due to its geographical location and its vocation of transit, Congo is a member of the Economic and Monetary Community of Central Africa and the Economic Community of Central African States and therefore in a good position to take advantage of the regional integration process and customs legislation.

Among the profitable foreign markets, the Democratic Republic of Congo, especially the province of Kinshasa, which is a massive market of 10 millions inhabitants, can be accessed from "The Beach" Brazzaville's harbor. The other profitable market, close to the Kouilou department and Pointe Noire, is the Cabinda area, which is the richest province of Angola because of its petroleum resources.

Cameroon, a notable exporter of pasteurized products within the sub-region is also among Congo's markets, especially in the exportations of the food-producing segment.

The other countries of the "Economic and Monetary Community of Central Africa" represent many export opportunities of goods and services, especially in under-developed sectors such as industrial maintenance, agro-industry and sugar.

InFocus provided the story

Excellent access to markets

(China Daily 06/29/2012 page8)

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