TRADE REFERENCE DIRECTORY FOR MUSLIM COUNTRIES TRADE GUIDE-LINE

 


> Algeria

> Bahrain
> Bangladesh
> Benin
> Brunei

> Cameroun
> Comoros

> Djibouti

> Egypt

> Gabon
Gambia

> Indonesia
> Iran
> Iraq

> Kuwait

> Lebanon
> Libya

> Maldives
> Morocco
> Mozambique

> Nigeria

> Oman

> Pakistan

> Qatar

> Saudi Arabia
> Senegal
> Somalia
> Sudan
> Syria

> Tunisia

> Yemen

Add Your CompanyModify Your SubmissionWhat's NewWhat's CoolVisit a surprise web site...


Your One Stop Source: TRADE GUIDELINE Click on the flag to search
Muslimtrade Network members
about Gambia.

G  A  M  B  I  A 


1. GENERAL PRESENTATION: 
1.1 General characteristics
1.2 General Information
1.3 Legal Framework of Trade Relations

2. TRADE STRUCTURE (1996)  
2.1 Main imported and exported products
2.2 Principal trading partners

 
3. FOREIGN TRADE REGULATIONS:  
3.1.Imports regulations
3.2 Exports regulations
3.3 Other formalities and documents

 
4. FINANCIAL REGULATIONS OF FOREIGN TRADE OPERATIONS:  
4.1 Banking system
4.2 Foreign exchange system
4.3 Methods and means for international settlement

 
5. CUSTOMS TAXATION:  
5.1 Applicable duties and taxes
5.2 Special Provisions

 
6. FOREIGN TRADE LOGISTIC:  
6.1 International Transports
6.2 Telecommunications

  
7. USEFUL ADDRESSES

  GENERAL PRESENTATION 

1.1 General characteristics

Official name Republic of Gambia
Surface 11,295 Sq. Km
Population 1.160.000 inhabitants (1996)
Density 103 inhabitants per square kilometer 
Capital  Banjul
Climate The dry season lasts from November to May when humidity is moderate. Storms and rain full are produced between July and October with increased humidity. Average temperature of Banjul, the capital, is 22°C in January and 27°C in July.
Main holidays January 1st, February 18, May 1st,August 15, December 25, Eid Al-Fitr*, Eid Al-Adha*, Islamic new year* and Ashoura*, and Eid Al Mawlid*.
Weekly day off Saturday and Sunday

* Variable dates

1.2 General Information

Language English is the official language. French, Mandinka, fula and wolof are also spoken
Currency The unit of currency is the Dalasi: US$ 1= 9.78 dalasi (1996)
Local time GMT 
Working hours  Banking hours: From 7h to 11h 30 and 15h to 16h30 Monday through Friday

1.3 Legal Framework of Trade Relations

Gambia is member of the following international organizations:

Organization of the Islamic Conference (O.I.C) ; 
United Nations Organization (U.N) ; 
Organization of the African Unity (O.A.U) ; 
The commonwealth ; 
Economic Community of West African States (ECOWAS) ; 
The Non-aligned conference ; 
The Gambia River Basin Development Organization (O.M.V.G). 

Gambia is also member of the Lome convention linking European Union members with African, Caribbean and Pacific developing countries, and has a trade agreement with Senegal.  

TRADE STRUCTURE (1996) 

2.1 Main imported and exported products

Main imported products

Main exported products

Foodstuffs Peanuts and peanuts products
Manufactured products Cotton lint
Raw materials Fish
Fuel Palm Kernels
Machinery  
Transport equipment  

2.2 Principal trading partners:

Main Suppliers

Main Customers

United Kingdom

France

France

United Kingdom

Germany

 

Ivory coast

 

U.S.A

 


FOREIGN TRADE REGULATIONS: 

3.1.Imports regulations:

The import of certain specific goods is prohibited from all sources, predominately on social, health, security, and moral grounds. All other imports are permitted freely under open general license.

At import operations the following documents are required:

Commercial invoiceTwo copies of the shipper’s ordinary commercial invoice are required. It must contain a specific description of products and their value in U.S dollar. A commercial invoice normally also shows the names and addresses of supplier and purchaser, gross and net weights of packages, nature and quality of the goods, price of the goods and any discounts, commissions or other deductions allowed. 

Packing listWhen miscellaneous items make up the shipment, it’s recommended to expedite clearance of goods through customs, and the following details should be included: Marks and number of packages, gross and net weight of each package, and a full description of each package and it’s contents. 

Bill of ladingA bill of lading customarily states the names of shipper, the name and address of the consignee, the port of destination, description of goods, the listing of the freight and other charges, the number of bills of lading in the full set and the date and the signature of the carrier’s official acknowledging receipt on board of the goods for shipment. 

3.2 Exports regulations:

The exportation of forestry products is subject to prior authorization from the forestry department. The exportation of all other goods can generally be made without individual licenses if settlement is made in accordance with procedures laid down by the central bank of Gambia

3.3 Other formalities and documents:

Plant permits: The director of agriculture must give his permission for all imports of vegetable seeds defined as all seed-producing plants, especially herbaceous plants, parts or all of which could be used as food-Packages or containers in which vegetable seeds are imported should be date stamped by the original suppliers. 

Labeling and marking: A specific regulations regarding labeling and package marking do not exist; The net weight must be shown in labeled canned goods and foodstuffs. 

The importation of goods with fraudulent or misleading marks or labels is prohibited in Gambia.

Any Common shipping practice may be followed in absence of regulations regarding how shipments must be marked.

Packing: Goods should be packed securely to withstand rough handling,. Goods adversely affected by the tropical heat should be packed to withstand the hot and humid climate. 

FINANCIAL REGULATIONS OF FOREIGN TRADE OPERATIONS: 

4.1 Banking system:

The major banks in Gambia are: Continent bank LTD which is privately owned, Meridian Bank Gambia LTD, Wholly-owned subsidiary of Meridian BIAO S.A. (Luxembourg) and standard chartered bank Gambia Ltd., which is owned by standard chartered bank Africa PLC in United Kingdom.

4.2 Foreign exchange system:

The exchange control act has been canceled and there are no exchange control. Commercial banks and foreign exchange bureau can make transactions among themselves freely, with the central bank, or with customer at exchange rates agreed by the parties to these transactions.

4.3 Methods and means for international settlement:

The payment of imports may be made in local currency or in any convertible currency. The most used method of payment is the letter of credit.

CUSTOMS TAXATION 

The customs tariff is based on the customs cooperation council nomenclature.

5.1 Applicable duties and taxes:

18 percent is the average of rates of duty imposed for imports from all countries, except Senegal.

Preferential duties: A trade agreement between Gambia and Senegal gives a preferential entry of Senegali’s goods into Gambia. 

The Lome convention is an agreement of preferential duties concluded between European Union members and some African, Caribbean and Pacific countries including Gambia.

Gambia is among the 15 countries that formed the Economic Community of west African states (ECOWAS), in 1991, Intra-community tariffs were removed from 90 items manufactured by ECOWAS states.

Specific duties: Duties evaluated by weight of the goods are based on the net weight unless otherwise specified in the tariff. 

Customs surcharges and indirect taxes: There are no customs surcharges or excise duties in Gambia. A 10 percent national sales tax is levied on the CIF value of imported goods, imports made by the government are imported duty-free. 

5.2 Special provisions:

Samples are also imported duty-free if they have no commercial value or if they have been rendered useless.

FOREIGN TRADE LOGISTIC  

6.1 International Transports 

Maritime transports: The port of Banjul receives about 300 ships annually, and there are intermittent sailing’s to and from North Africa, the Mediterranean and the for East; A Loan was accorded to Gambia in support of a project for the expansion of port facilities at Banjul. 

Air transports: Facilities at Yundum, The Gambia’s international airport, have been upgraded by the U.S National Aeronautics and Space Administration (NASA) to enable the airport to serve as an emergency landing site far space shuttles vehicles. 

Land transports: In 1995, there were 2640 km of roads in the Gambia. 35,3 percent of this total was paved. The upgrading of the Trans Gambia Highway and the Kombo coastal was planned for the mid 1990s. 

6.2 Telecommunications

There are several post offices, and agencies. Postal facilities are also available in all river towns. In 1995, telephone lines numbered about 18.000.

USEFUL ADDRESSES: 

Organization and Public Establishments

Address

Tel

Fax

Telex

Ministry of Finance and Economic Affairs,  The quadrangle - Banjul (220)228291   2264
Ministry of Trade, Industry and Employment Independents Drive Banjul (220)228392 (220)227756 2293
Ministry of External Affairs 4 Marina Parade – Banjul (220)225654 (220)228060 2351
The Gambia Chambre of Commerce and Industry NTC complex Buckle St Banjul (220)227765 (220)229671  
National Trading Corporation of the Gambia Ltd. 1-3 Wellington St. P.O. Box 61 – Banjul (220)228395   2252
Central Bank of the Gambia 1-2 Buckle St, Banjul (220)228103 (220)226969 2218



 
< HOME

ADD YOUR ORGANIZATION TODAY!


©MUSLIMTRADE NETWORKTM