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You are here : Business & Trade / Opportunities
Madagascar is an island of opportunity with some unique propositions for business and trade. We are here to help you to identify the right suppliers and to do business in Madagascar.
- Important Malagasy Export Markets:
• Natural Products Main organic exports from Madagascar include cocoa, sugar, coffee, palm oil, processed fruits, pepper and vanilla. In addition, Malagasy farmers grow a variety of organic spices and herbs on a small scale such as cinnamon, turmeric, ginger, cloves, chillies, nutmeg and essential oils. Small-scale farmers produce most organic products, while commercial companies are active in processing, grading and exporting.
• Handcraft Madagascar is well known for its exquisite handcrafts including Antaimoro paper, basketwork and embroidery. There is a strong emphasis on the use of natural materials such as raw silk, raffia and bamboo.
• Seafood
- Tourism - Island of Opportunity
Madagascar is an exceptional destination located in the Indian Ocean off the coast of Africa, making it a gateway to travel in the region. Madagascar is endowed with exceptional fauna and flora, most of which are endemic. As an island, Madagascar has 5,000 unspoiled kilometres of coastline and a climate which is favourable to the development of all forms of eco-tourism.
Tourism ranks among the main providers of foreign currencies for the Malagasy economy. The sector is in constant expansion with 19%increase in revenues in 2005. The number of tourists visiting the island has grown significantly in the past 10 years with 312 000 arriving in 2006 compared to 60 000 in 1996. The growth potential of tourism in Madagascar is significant both in terms of business and investment opportunities.
Madagascar offers a wide range of products in tourism including eco-tourism, adventure and discovery holidays, culture, sport, beaches and water pursuits. Madagascar has the ambition to become a leading country in Sub-Saharan Africa and the Indian Ocean in the promotion of a high-quality ecotourism experience.
- Equitable/Fair Trade
• Commercial partners in equitable trade • Coffee • Vanilla – Channel • Sustainable cinnamon production in Madagascar A-SNAPP is participating in an innovative conservation program in Madagascar. Cinnamon (Cinnamomum zeylanicum) grows wild throughout the Madagascar rain forest. Traditional harvest for production of cinnamon bark essential oil entails cutting down mature trees and stripping the bark. Under the new program, cinnamon collectors learn how to create new cinnamon plantations by clearing competing underbrush from previously deforested areas, encouraging the growth of young cinnamon trees. Within one year, enough cinnamon leaves are available for production of cinnamon leaf oil, another marketable product. Leaf harvest continues for three years until the trees have reached maturity, after which some of the trees are harvested for bark. The newly harvested area is then returned to leaf production until the next crop of young trees reaches maturity.
The end result: Ancient forests containing mature cinnamon trees are left in an untouched state, and harvesters are part of a unique conservation program with a sustainable economic return.
- Trade Profile: Exports/Imports
Natural Products • Spices • Essential oils • Medicinal plants • Tea • Coffee • Foodstuffs (Fruit/vegetables)
• Shrimp: 2nd export product in terms of value, known for its excellent quality; average production per annum: 12,000 tons • Seafood
Meat & Poultry • Meat and livestock • Bovine stock: zebu • Pork • Poultry
Equitable Trade • Agricultural and artisan products
Consumer Products • Textiles: cotton, confectionary • Handicraft: gifts and decoration, semi-precious stones, leather (crocodile), natural fibres (raffia, paille, bamboo, coco, cotton), marble Zafimaniry and wood sculpture, embroidery etc.
Industrial Products • Chemicals: soaps, detergents • Products derived from medicinal and aromatic plants • Processed fruits: pulp, concentrates, jams, natural juice, syrups, dried fruits, yoghurt
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