What is Team Europe in Benin?

Team Europe in Benin brings together the EU, the European Investment Bank (EIB), Belgium, France, Germany, Luxemburg, and The Netherlands. Through the Neighbourhood, Development and International Cooperation Instrument (NDICI-Global Europe), the EU allocated EUR 255 million for Benin over 2021-2024.

Where does Benin sell its products?

Benin sells its products mainly to France and, in smaller quantities, to the Netherlands, Korea, Japan, and India. France is Benin's leading source for imports. Benin is also a member of the Economic Community of West African States (ECOWAS).

What is the energy supply in Benin?

Forests in Benin are an important source of energy, accounting for 46% of the country’s energy demand in 2017. Fuelwood and charcoal production contribute 2.4% to the national economy but remain informal.

Which countries trade in Benin?

There is presence of Chinese foodstuffs in the open-air markets and supermarkets. Benin's major trade partners include Nigeria, France, Belgium, Spain, Switzerland, Argentina, Brazil, the United States, China, and the United Arab Emirates. The major regional trading partners include Niger, Togo, Nigeria, and Burkina Faso.

How does the EU support Benin in 2021-2024?

Through the Neighbourhood, Development and International Cooperation Instrument (NDICI-Global Europe), the EU allocated EUR 255 million for Benin over 2021-2024. Benin also benefits from various multi-country and globally supported EU initiatives notably from the regional programme for Sub-Saharan Africa for 2021-2027.

How can I do business in Benin?

To do business in Benin, the most popular corporate entity is a limited liability company (SARL), which requires a paid-up capital of only US$1 for setup. Clients intending to manufacture products in Benin often register their company in a Benin Special Economic Zone.