India-The Gambia Trade Relations

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As a potential developing economy, The Gambia considers the bilateral inter-government relation and private sector as powerful tools for economic growth and development. In year 2021, the total trade between India and The Gambia amounted to 168 million dollars. On November 1, 2021, An agreement on bilateral cooperation was signed to set up joint trade committee between India and The Gambia to further enhance the bilateral relations.

 

Gambia’s main items of export to India are raw cashews nuts, ferrous and ferrous scraps. Whereas, main items of imports from India include cotton yarn, fabrics & made-ups; broken rice; and, pharmaceuticals, coffee, biscuits etc. India has also extended its Duty-Free Tariff Preference (DFTP) Scheme to Gambian imports. 

 

Additionally, Gambia has signed and ratified the International Solar Alliance Framework Agreement with India in an effort to open up new opportunities of collaboration between the two countries on solar energy and to combat climate change.

Apart from this, various webinars are organised from time to time by embassy to strengthen bilateral trade and economic engagement in multiple areas of potential growth like food processing, digital, dairy, engineering, education, textile and imitation jewellery. 

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Furthermore, the government of The Gambia has received several lines of credit from the government of India in diverse areas like Tractor Assembly, construction of National Assembly Building Complex (Inaugurated in October 2014), replacement of Asbestos Water Pipes with UPVC pipes; Electricity Expansion Project in Greater Banjul Area  (Inaugurated in November 2020). 

 

India also created Vocational Training Centre (VTC) and Incubation Centre (IC) in Banjul, the capital of The Gambia, as a medium to impart training in disciplines such as plumbing, welding, electrical, construction sector, carpentry, draftsman-ship, survey, plastic technology demonstration cum training, ICT, agro and food processing, gemstones cutting and polishing etc.

 

India also supported the project 'Using of Drones and Early Warning Systems for Pre & Post Floods Disaster Management in The Gambia' (2020-2021) under Commonwealth Window of the India-UN Development Partnership Fund.

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Investment Opportunities in The Gambia

 

With immense potential for developmental investments, The Gambia offers myriad of opportunities in the following sectors:

• Agriculture

• Fishery

• Energy

• Manufacturing

• Tourism

• Information, Communication and Technology

• Forestry

• Skill development

• Mineral exploitation (gas and oil)

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Reasons to invest in The Gambia

• A peaceful and politically stable country

• Immense potential in sectoral opportunities

• Competitive labour costs

• Liberal and free market economy

• Strategic geographic location

• Business friendly environment

• Close proximity to European markets

• English speaking country