|GDP (US$) $1.60 billion, 2015|
|Population, 520,500, 2015|
|Source: World Bank data|
Despite a tiny population and few natural resources, Cabo Verde has seen notable economic growth in the last 15 years. This small island country, which lies about 500 miles off the coast of West Africa, joined the World Trade Organization in 2007 and graduated to middle income status in 2008. The economy is service-oriented, with commerce, transport, tourism, and public services playing major roles.
To promote trade and export development in the country, the Trade Hub is supporting AGOA Trade Resource Centers (ATRCs) in Praia and Mindela. The ATRCs advise local businesses on export opportunities, including opportunities under the U.S.’s African Growth and Opportunity Act (AGOA). We are working to build the capacity of ATRC staff in Cabo Verde and will be training customs officials and apparel company representatives on the provisions of the AGOA textile visa, to ensure that apparel exports take advantage of all eligible benefits.
Cabo Verde News
- November 22, 2016 The West African archipelago of Cabo Verde produces textiles and footwear, both eligible for duty-free benefits under the U.S. African Growth and Opportunity Act (AGOA). But the country faces export challenges in logistics, limited information about the U.S. market and AGOA, and lack of product diversification, members of its business and diplomatic community heard during ...Read more
- September 26, 2016 Cabo Verde’s export promotion agency, TradeInvest, signed a letter of collaboration with the Trade Hub, establishing a cooperation framework to open and run an AGOA Trade Resource Center (ATRC) to promote exports, including to the U.S. under the African Growth and Opportunity Act (AGOA). Under this agreement, the Hub will provide advisory services to Cabo Verdean ...Read more