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• GDP: US$1.9 billion (2002 estimate). • Main exports: Cotton, cattle and Gum Arabic. • Main imports: Machinery and transportation equipment, industrial goods, petroleum products, foodstuffs and textiles. • Main trade partners: France, USA, China, Cameroon, Portugal and Germany.
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| Economy |
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Chad is one of the world’s poorest countries, with a per capita annual income of just US$200. Civil war, poor infrastructure,
few natural resources and droughts have hampered any development of the economy during the last few decades. Subsistence level
farming occupies 80 per cent of the population, producing mainly sorghum, millet and groundnuts. Cotton is the main cash crop.
Nonetheless, there are chronic food shortages which can, in many areas, only be met by international food aid. Agro-industrial
operations, most of which are based in the south of the country, dominate the small industrial sector. Mineral deposits including
tungsten, tin, bauxite, gold and iron ore have been located: only natron (hydrated sodium carbonate) is mined in commercial
quantities. However, the country now has a unique opportunity to transform its economic fortunes following the discovery of
large oil deposits in the Doba Basin in the southwest. A 1000km pipeline linking the fields to the Cameroonian port of Kribi
(Chad is landlocked) opened in 2003. Chad is expected to earn around US$3 billion over 25 years, which will increase national
income by around 50 per cent. To avoid the corruption that oil has given rise to in other African countries, a law requires
that 80 per cent of oil revenue is spent on development projects. Chad is a member of the Central African Economic and Customs
Union (CEEAC).
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| Business Etiquette |
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A knowledge of French is essential as there are no professional translators available. Best months for business visits are
between November and May. Office hours: Mon-Sat 0700-1400, Fri 0700-1200.
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| Commercial Information |
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Chambre de Commerce, d’Industrie, d’Agriculture, des Mines et d’Artisanat 13 avenue du Colonel Moll, BP 458, N’Djaména, Chad Tel: 525 264.
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