Foreign trade newsletter : no 12

DOCUMENTS OFFICE E/CN. 1.f/STC/FTN/l 2

FILE COPY

NOT TO BE TAKEN OUT

1..---- -- _..--·

UNITED NATIONS

ECONOMI C COMMI SS ION FOR AFRICA

FOREIGN T : RADE NEWSLETTER

Mo.12

AUGUST 1965

.

_•

t

• I

I •

UNITED NATIONS

ECONOMiC

DOCUMENTS OFFICE

C OPY

AND

Kl.:.N OUT

SOCIAL cour- ~ CIL

ECONOMIC COMMISSlON FOR AFRICA

j

The Trade Section is attempting to reassess the value of the Foreign

• Trade Newsletter to its readers. For that purpose it would be very much appreciated if you could kindly fill in this questionnaire, detach it,

~ .

and send it to the Chief, Trade Section, United Nations Eoonomic Commission for Africa, P.

o .

Box 3001, Addj.s Ababa, Ethiopia

i .

Inte~ested_i.~ continuing to r3ceive the Forei«n Trade Newsletter

D ^OJ

Yes No

Please mark ~he appropriate box. Failure to receive this questionnaire back from you within three months w1ll be interpreted as lack of further interest on your part.

·2. To what uee a.c you pat this publication?

3. Please

.

let us have any suggestion~ you may wieh to make on the enlargement of the scope, improvement of the ~ontent, or manner of presentation, of the type 0£ ~1formation which the Foreign Trade Nrwsletter attempts to co~er~ in the space providet for in this :Q.ll.estionnai-re, or on a sepa.ra te shoe-I;.

Returned. by:

..

E/CN.14/STC/FTN/12

FOREIGN TRADE "1TE'WSL.ET'I1ER

No. 12

CONTENTS

· FOREWORD

'DEVELOPNENTS.• AT A GLANCE· . ' ·'

.

NEWS DIGEST.

TRADE AGREEMENTS

EXTERNAL ASSISTANCE, CREDITS AND INVESTMENTS

IMPORT RESTRICTIONS, CUSTOMS TARIFFS AND EX.PORT DUTIES

•BANKING ANDtCURRENCY STATE TRADING

COMMLDITY NEWS EXCHANGE RA.TES

NIAMEY INTERNATIONAL FAIR

65-2900

•' :

, - i i - - i i i -

l_

10.

40 49

51

52 55 56

,,

E/CN .14/STC/F?Jl,/12

FORZWORD

The Foreign Trade Newslett~r ie prepared by the Trade Section of the ~conomic Commission for Africa.

The information published pas been so far almost entirely based on reports in newspapers and periodicals; the secretariat cannot th~refore be responsible for inaccuracies or deficiencies. It is hoped that it will be increasingly possible to publish information received directly from member countries, in pursuance of the recom- mendation of the Standing Cammi ttee on Trade at its first session ..

that the secretariat should be kept informed on.a regular basis by individual African governments of significant developments in trade and-payments.

This issue includes material received from.March to Ju:ne/J-uly

1965 .

The geographical names in the Newsletter do not imply endorsement or acceptance by the United Nations.

- i i -

E/CN.14/STC/FTN/12

DZVELOPI-I:ENTS AT A GLANCE

Africa.

J_.

European Development Fund finances several projects in the asseciated African States. P.10

AID announces Food for Peace agreements, P.12 Algeria

3.i:

Concludes trade agreements with Ivory Coast, Mauritania, Spain and USSR. 1 and 2

Obtains loa.n of F 100 million from Kuwait. P.12

UNSF provides $827 ₁300: f'or;:ifuiu.stria.lization programme. P .13

~stablishee new government-private-trade buying groups.

. · Obtains loan from Swiss ·:oompa.ny. P, 13

Cameroon

Concludes agreements with- foreign groups for establishment of cotton,

"emerit" and cocoa factories •. . P .14

FAC accords CFA F

717 . 15

million financia.J. aid. P.15

Chad ,._

ubtaina financial assisi~ce for t~xtili.mill. P.15 Congo (Braz~aville)

I .

Obtains

-~7·million

credit from China.' P.16

;.._

..

- ., ♦ • - ·r. ···

.

^.

i i i

E/CN.14/STC/JITN/12

Congo (LeJpoldville)

Receives CF 2.5 billion'for financing of economic and social

·development p;oj~ots. P .16

vbtains loan from West Ge:rmany.P.17

..

Dahome;z

Union Oil Company to start prospecting for oil. P. 18 Red~ives aid :from European Development Fund.

P. 17

East Africa.

··· :Announces new changes in customs duties.

·· New ·o·entral ··banking arrangements.

Ethio.I?,~

. ^'

... -· -

^{.. ., ....}

. '

Concludes economic a.nd co-operation agreements with ,·Bulgaria.. p .19 Ghana

• '.J •

do~olud'es ~ tra.de

agreement w~th Mali and UAR.

P. 2

Announces general arrangement for· introduction of new curiency. P.49 Guinea

Concludes trade agreement with Yugoslavia. P.3

Obtains DM. 30 million from· West, Germany.· .,p .19 Ivory Coast

Concludes five-year trade agreement with Israel. P.3

~uropea.n Development Bank provides $32.8 million for palm plantation.p.19 Ubtains $1.89 million from UNSF for mining prospecting. P.19

iv -

.E/CK.14/STC/FTN/12

Ivori Coast (cont'd)

Zurnpean Investm~nt Bank oontributes $1.015 million for handling

. .

and packing plant fnr bananas. P.20 Changes in fiscal import duty. P.41 Kenya

Obtains aid totalling 141-millipn from various sources. P.20 Signs contract for manufactur~ -of ball point pans. P.21

Obtains 1:il million from West Germany. P.21

Receives $3 million from IDA for road construction. P . ~--

Sweden to help in setting-up a9i0noe teachers' training college. P.22 Introduces new import restrictions. P.40

Libel'ia .

'.

Sonoludes a.gree~ent with ~razil to facilitat~ t.:rad.a. P.3 HlF authorizes drawings up to $4 million. P. 22

U-~ to make available t200,ooo loan. F.22

~stabliahes several industries supported by loans and grants. P.22 Chinese loan helps to set up cigarette industry. P.24

Obtains financial assistance from ~SF. P.25

Intro~uces new regu.lations_ooncerning merchants • . P.2~

}.alagasy Republic

Concludes three-year tF'ade agr.eement ^wi ~h Hungary. p. 3

.. - .

FAC _provides FMG 1,718.9 million for investment programmes. P.26

. -^{. -} •.. ' -.- ^{' -} .

-

..

Cbtains long-term J,oa.n from AID. P. 26

• ;.:... !!~.-~{: .. - ,-., - r-:;1· . .,. _.. •

- V

E/cn .-14/sTC/Fnr/12

Eaghreb

Agreement conciuded between Algeria, Libya, Morocco and. Tunisia on economic co-operation. P,27

bialawi

Receives financial aid from West Germany. P.27

.AID to make $146,ooo available. P.28

Establishes sugar factory. P.28 Morocco

. I

Rene·ws trade agreement with West Germany. P.4 Signs new trade agreement with Italy.

P ,4

Renews trade agreements with Japan, Norway and

,

UK. P.4 - 6 Ubtains $28 million loan from Kuwait. P.25

Introduces .quotas for

1965 .

^P.43

r-~ozambique

Niger

South African concern to construct sugar mill. P,29

3stablishes factory to produce preserved and frozen fish. P.29

Concludes trade agreement with Algeria. P.6 .tleceives aid towarde development :plan. F. 30 Uigeria.

Forms two new companies in mid-west region. P.30

Italian firm establishes tomato preserve factory. P. 31 Concludes two loan agreements with th~ Netherlands.

P ..

31

Introduces new tariff changes. P.44

- vi -

E/CN.14/STC/FTN/J.2

Rhodesia.

Senegal

Obtains CF! F

35? :.

,mjl,1,;i.Qp~ f-;-oin Fra.n.ce ~ P. 31 , EDF a.ssis;~e

·~

in .11,'edsiJ?.$. the !'Saloum River, . P.33 Sierra. Leor.e

Concludes trade agreemant rith c~echoslovakia. P.8 Inyrod~oes ~ew 4~tids to R~~tiot loQal industries. P.45

Announces new il:lport restr~ctiots F.46

J -

Somalia

••

Obtains loa~ £rom.® .~Qt~liing J60Q}OOQ. P.33.-

Reoeives $13.45 milliou from several sources for a highway road construction. F.34

Sudan ^{• - t • ~}

Concludes ,thl;-ee.-.:-..v~~:i;, -wad.--e ag:reement with USSR . . P.8.

IMF authorize~ drawings up to $11.25 million. P.34 Tanzania

Signs contract for construction ~f instant coffee factory. P.35 Israel to provide loa.~ of ~600,000. P.35

The Netherlands ~o contribute financo for textile mill.

P.35

mrSF provides $1.326 million f~r several projects. P.36 Announces changes in tax structure. P.47

; , I , .

- vii -

E/CN.14/STC/FTN/12

Tunisia

Renews tra;ie a.gxeen:ents. p. 6

Receives $1.7 million from UtYSF. P,36

Uganda

UAB.

IFC assists in fiqancing a teftile mill. P.37 Announces details of UX ^Is L6 million loan. p, 38 Obtains h643, GOO from UUSF. P. 38

Receives loan of

~ 87 .4

million. from Sast Germany. P.38 Upper Volta

~oncludes t~o financial agreem~nts with France, P.39 Announces det_a.ils of customs revenues. P.47

Zambi~.

Concludes trade agreement with Japan. F.9

UK promises tlO IDillio-T4 a~d over 1965-1970. P,39 Subjects certain goods to import cottrol. P.48

.- ^'

;. ,.

- viii -

E/CN.14/STC/~/12

TRADE .AGREEMENTS

Algeria - Ivor~ Coast

A trade agreement was concluded on 20 May

1965

between Algeria and the Ivory Coast. The volume of trade is fix.ad at 120.million dinars.

The Ivory.Coast will export coffee, cocoa, wood, manganese ~d palm oil, in return for fruita, wine, tob~cco and cement.

.

.

·'(Marches Tropicaux, Paris,

29/5/65)

Algeria - Mauritania

Agreements on trade, financial co-operation, air

t:fansport~ · "

oul~~al and technical oo-opera.ti9n,. were, ~igned at the- end of March

1965

between the Gover~ente of Algeria and .Maur~tania •.

The- full text of the- agreements a.re not yet available. (Africa South of the Sahara, Paris, 22/3/65) Algeria - Spain

The first trade agreement· ·between Algeria and Spain was signed on

7

April 1965. The agreement embodies two :full lists ~f the goods to be exchanged between the two countries; and

these

lists are

in no way ·

restrictive,. Payment~ are to be mad~ in oonvertibl.e currency.

Spanish -exports ·to Algeria will be· ma.de up p~incipa.ily o-t i i vestockt fertili~ers, chemical· products, preserved foodstuffs, thread, textiles, read.y~a,d~ clothing, ~11 kinds of.m~o~ine~y, intern,~! combustion and eleotrio-p~wer_eq. eng~nes, special vefLi~l~a and optical instruments •.

Algerian exports to Spain will include cereals, vegetable products,

.

^' .

'

scrap metal

and

vatrious"manufaotured goods.

(Board of Trade Journal, London,

7/5/65)

E/CN·.· 14/sTC'/FTN/12

Pc:.ge 2

Algeria - USSR

A trade protocol covering the period 1965 -was signed an 25 M~oh 1965 between Algeria and the Soviet Union.

_ 1::,;!~~ __ P~~!o~~.l

J;~_i1·i~1s S?:,r

the lev~l o~ tr~e t~ double ~?mpa.red with

1964.

As in the previous agreements (see FTNL Nos.7 and

8,

P:~),_ ~oviet

• ' ' '1 '

exports to Alge~ia include machinery and equipment, rolled ferrous metals, titnber, l'lEiwsprint,

ol·oth, . sugar,

medicines, llied:ical

equipment

^and consumer durables. "Algeria. will ·export ·o:range~s, dates, figs," fru.±t •juice, cork products, paper, tobacco prod,ucts and .various manufactu.red goods~

Ghana - Mali

(Board of Trade Journal, London,

7/5/65)

.::t -

Under this trade agreement, Ghana is-~6 export1.ooally manufactured goods such as aluminium, frousehold utensils, ''.Piheapple juice and cocoa products.to Mali, in returµ. for food, includ~g live cattle, fresh meat, and dried fish.

Further talks between the representatives of the two countries a.re

to be held at a later period. _·•-

-

^{-..-.. .} -

...

J- • (West Africa, London,

13/3/65)

Ghana - United Arab Republic

..

Th·~,:Oov~:tnro~nit~ :o-f:•6ha.na. and

·the

Uni

tea

Arab Re:publ.ic ha.ve· concluded a tra4e agreel):)ent under which the ceiling for bilateral trade exchanges is f:i.x~d at 1:.4.million _to be reached by December

1965 .

The· UAR will export to <,b.aria. cotton goods, :pharmaceutical' protiuets

.

and shoes ·in return for tobacco, grapef'rui t and ohocolate. -•; ·

(Af~ica South of the S~ara,.Paria,

22/3/65)

^.t

I , l""I I

E/CN.14/STC/F'J!N/12 Page 3 ·

Guinea - Yugoslavia

A trade .agreement was signed on 17 May 1965 betwe~n the Republic of Guinea and Yugoslavia.. _The agreement stipw.ates an increase in trade exchanges between the two countries, and also for payments co-operation.

(Marches Trop-icaux, Pa.xis,

22/5/65 )

Ivory Coast - Israel

Trade to the value of $20 million was . provided for ~n- a ····-

five-year _ trade agreement concluded at the end of April

1965

between the

ru:.r • . :, : _ : ;

Ivo~y Coast and Israel.

Iara·el will ma:inly import oof:fee, _)llaize, rubber, timber and copra, while exporting tyres, cement, pharmaceutical products, and building materials.

Israel has also agreed to help in the building of a :f'urnitu.re factory, silos for storing maize, and w~ehouses for the storage of coffee and

cocoa.

(Africa s'outh of the Sahara; Paris·; 22/4/65)

~- ··-~::_:. i~1: · • · · . ..., - 14"~ ... -

·-""-''""""

-

^"'

Liberia - Brazil

Liberia and Brazil have concluded an agreement in May

1965

to

facilitate trade be~w~en the two countries. The agreem&nt also provides for a Brazilian shipping line to' use Liberian po~ts.

(West Africa, London,

22/5/65)

Malagas:y:_Republic - Hungary

A three-year trade agreement has been concluded in June i,65 between the Governments of Madagascar and Hungary. Under the agreement Hungary will buy agricultural products, notably coffee and groundnuts, in return for export of manufactured products, particularly tools and medical supplies.

(Africa, Paris,

25/6/65)

E/CN.14/~TC/FTN/12

Page 4

Morocco - Fed.Rep. of Germany

The protocol to the 1961.trade agreement between Morocco and Germany

.

^.

has been renewed for a furt~er :period of one year with effect from 1 January 19_65.

Quotas under the agreement remain unchanged. (Board of Trade Journal, London,

30/4/65)

Morocco - Italy

The Morocco-Italian negotiations which were held in Rabat in 1965 have resulted in the conclusion of a new trade agreement between the two countries. C~rta~n quotas for It,alian goods hav,e peen increased and other reduced.

.. • • if"

Among product.a. whose· importation into Morocco has been increased are (value in 1,000 dirhams; previous quota given in paren.)~ film, perforated or not, photographi9 plates and paper,

i,ooo

(50~); non-vulcanized synthetic

' . .

rubber and articles, 150 ( 100).; heal th_ and dispensary. a:rticl~~ of rubber 50 (nil); elastic bands 500 (150); pig iron coupling 250 (200); motorcycles, motor-scooters, with a cylinder of more than 50 cm}, and parts, 800 (700);

' • ·1 • '

hunting arms and ammunitions, 250 (200); ·mounted or unmounted drums 150 (-100). Those which have been decreased are: textile products 200 J850); domestic sewing machines and spare parts 500 (1,000); others 2·, 500 .. {5, 000).

, ^~ r • . , ^~

Regal'ding Italian quotas f6l' Moroccan goods, Morocco will now be able to· se11·1,600 tons of cork of a width exceeding 30 mm, and 20,000 dirharns worth of bottled brand wines.

(Marches Tropica.ux, Paris,

13/3/65)

Morocco - J a_pa.n

-

^,

The 1':ol:'ooco-Japan trade agreement ot''l961

lits

been rene~ed in a.n up1t°ard

.

.

directi°on~ Morocco W'ill start importing from Japan green tea; fis~if'l.g nets, sewing m~ohin~g, optical instruments~ automobiles and other machines for a total ◊f 12.2 million dirhams. Japan will continue to impo~t phosphates.

(M~rohes Ti-opica.tix, Pa:r'fs,

22/5/65)

"· ..

"',' .. ;

,,.

E/CH.14/ST<J/E'J!Jf/12

Pa.ge 5

Morocco - Norway

. . The 1958 trade agreement between lforoc·co and N,orway has been renewed for a further year f1·om

i

Ja-d.u.ary 1965.

•· .,..

·- -

....

- -··

^~

Quotas under the a,greament rem_ain unchanged.

(Board of Trade Journal, .. London, 30/4/65) Morocco - United: l .. inp,tlom·

I'he trade agreement- b~tw~en .Hpr9coo'. _'

and

^{the. United k.ingdo!D}_. ^{, signed. on}

.:r,9.c

Ji41-l,18.ry 1961, has been renewed for a further :period of one year with

· effect from 1 Janu.a.ry 1965.

A list 'o'f··the quotas ~o~oer:nlnk British goods is.liste4 b~low •

. ·1

As a result of b~~no~ of payments ~~fficulties-the Moroccan G9yernment has imposed import restriction, {see FT.Rt·Nb:11, p.~o) to a limited range of goods from all ~ourc~s. Conse~uently certain.quotas for British goods are not Gt 9resent effective.

--- - ---

Prou.uots

.1. Cod and herrings, smoked, salted or in brine (except canned herrings)+* . .

2. :Sautiet,' condi::1ents and pickles+

3. Honey

4.

Sugar, chocolate and confectionery+

5.

Marmalades fl,nd jams .(except Jams of organge, apricot, plum and grapefruit)+

Animal foodstuffs concentrates+

6.

7.

8.

9.

10.

.11.

12.

13.

~4 -:

15 .

16.

Tonio food

Beer and stout, de luxe+

whisky and gin

·Woollen pieoe-goods Lin9leum. and oil-cloth*

Haberdashery-it Clothing hoisery

..

Ir.on and cast-iron articles { exelucUng those f'or which there are ~uotas on the Moroccan General Import programme)*

Ra~ors and razor blades Band tools (except shovels)

Qu,otas

4,000 18,000 5,000 20,000

7,500

10,000 -2-0~

3,000 200,000 130.000

35, 000

: 5,000 25,000

22,000 15,000 6,000

E/CN .J.4/STC/F'Ev/12

F'age 6

fooroooo - United i: inge1.om ( cont 'ci)

-- -- --- ----~ -·--- ^- ---·--- - - - , - - -

17.

18.

19.

20.

21.

22. 23.

24. 25 .

26.

27.

28.

29. 30.

3l.

froducts

iiurricane laJips, pressure lamps of all kinds, radiators ana other heating ·equipment (a£ types not made in ~orocco)

Jomestic sewing machines

Refrigerators, electric household appliances, including washing nachines and air oonditioners, radio receivers, television equipmen~~ dry batteri~s of 10 volts or less, electric lamps*

Dry batteries of more than 10 volts+

Safes and strongroom equipments .

Gramophones, records, pick-ups and record player*

Sporting weapons and ammUDition$

Furniture (except metal furniture)+

Stationery and office equipment (except penci~s)*

Sports goods*

Stee:1 cables

Ya~n, twine and rope.of nylon Fair

Miscellaneous

Certain dependent territories

--- ---

Quotas

20,000 40,000

320,000 200,000 (estimated L1Bo,ooo)

5,000 30,000 17,000 5,000 11,000 15,000 5,000 12,000 200,000 100,000 75,000

units value

+ Import licence~ are not available at present for products of this quota.

*

Import licences are not available at present for certain products of thia quota..

(Board of Trad& Journal, London,

7/5/65)

Niger - Algeria

A trade agreement was signed on 3 June 1965 between the Republics of Niger and Algeria. The agreement will take effect when ths necessary formalities have been completed. Its validity will ~e for one year and thereafter renewed annually unless notice of 'termination is given.

Niger - Al~r¥!; (cont'd)

E/CN.14/~~C/FTN/12

Page 7

. ~igeri~ exports to Niger will include, inter alia, petroleum products, natural gas and derivatives, citrus fruits, .wines, fruits and vegetables and preserves, oork, textiles and yarns, tyres, minerals, tractors and other equipment. Niger's exports to Algeria wi·11 include

J . t I

peanuts, meat, smoked fish, ·cotton, vegetables and henna. ·•

~o quota... .. ^... yalues are ^.

.

given •^. .

Rhodesia - Portugal

A trade agreement has been concluded between Rhodesia and Portugal and her· overseas te:rri tories to enter into force on 1 April' ⁰1965. The

·. agreement provides most-favoured..;.nation treatment .with certain exc·eptions:

a) Rhodesian goods will

riot

enjoy the pre:ferE/~t-ial treatme~t granted by Portuguese terri toriee to goods produced in a.noth.er Portuguese territory, or any spe?~al concessions made by Portugal now, or in the future, to Spain and Brazil.

b) Portuguese goods will not be entitled to preferential· ·treatment applied by Rhodesia to goods produced in countries named in Annex A to the General Agreement. on Tariffs

and

^{Trad~ 1(GATT) •}

. c) Neither country will be entitled t? benefit from privileges granted by the other under any agreement oonatit~ting a customs

· union or a free trad'e area.

• ' ,I,. -, • ., , . ... ...._ ~- • ' • • ,,

• • );1

.rpv:~:~lpp~~

iiit.m,a.a.e~1n the agreement for-reciprocal· duty-fl-ee en.try into

• j Jw - ~ -~- ~ ,~

Rhodesia, ~ozambique and Ango}~- of"a la.rge variety of ~roducte of t~ose

three te:r~tori~s. ₁₁

(Africa South of the Sahara, Paris,

25/3/65)

E/CN.14/STC/FTN/12

Page 8 ·

Sierra Leone - Czechoslova.ki~ ^{- '.l}

, The

'· h ..

rst-t:t>ad.e-.. ~reeilrent between Sierra Leone 'and Czechoslovakia was ' ·siihed on· 9 A:pril^1-

1965-.

. J'L •.

·, • ,,;,_ , •• ~ ' • I .. . ^{~ ..;} ...

Czechoslovak exports include engineering products, particularly agricul-

... .

.

^. .

-

^{~ ,, .}

.

^.

tural machinery~ minor ~nvestment units and consumer goods such as textiles, footwear, glass and ceramics. In ;eturn sierra Leone

wl.i.1·

^export agricultural produce, oilseeds, cocoa, coffee and industrial diamonds.¹

(Board of Trade Journal, London,

r/5/65;

Ma.rohes Tropicaux, Paris,

15/5/65)

Sudan - USSR

... ..

. -~

, A thr,ee-year . trade agreem.ent pas bee!l, .. cpncluded between t~e Sudan anc..

.the USSR in Marc.h 1965. Th~ agre .. ement .provid.e~, fo~- Sud~nese exports of . cot_:t~n, gum arabic, ~tes, ~otton seeds and hides, in return for motor

vehicles,_

1 s~gar and timber.

(A:f'rioa

South

^of the Sahara, Paris,

25/3/65)

Tunisia

,J •

• - L. •

---:---

-rt Country

,\"l'.!-:~. ::-; .... .. Signed on

•1 I - t

-1. ~ . . .

Austria : -· : '1961 ·.

. '! •.

Ethiopia. 1960 India 19,60

-

^{I, I •·.}

Japan :.i,h 1960

Libya 1961

Renewed Validity

_£:. -A .

i!:1.S OL· ··

1/5/65

^{1 year ··}

20/6/65 ^l year

-/4/65

-#t• .. ..

l year

1/4/65

^{l year}

1/7/65

^{1 year}

...

Remarks

There is a slight change in the quotas compared to 1964.

~uota ramaiµs tµiohanged.

Volume of trade to double in 1965 compared· to· 1964_

No quota. changes~

No quota changes. ¹

.

^-

.

^•.

· E/CN. iA,'jsTO/mI/12

Page 9 .

Tunisia (cont'd)

Country Signed on Renewed Validity Remarl(s

---!=a~o=f--~---...--- - - --- --

Pakistan '

31/3/65

Rumania 1964

Turkey 1958

1/5/65

1/5/65.

l ryear

Tunisia exports: citrus fruits, cereals, minerals, salt,preaerves and handicraft products.

Pakistan exports: jute, tea,henna, manufactured articles such as electrical equipment, surgical instruments and sports goods, commercial films for cinemas and cotton textiles. '

Tunisia exports: fish meal,citrus fruits, fresh and canned fish, hides, iron ore, olives and cotton yarn.

Rumania exports: machine and other tools, agricultural machinery and excavators, cast

iron piping, chemical and pharmaceutical product,timber and bicycles.

l year No quota changes.

(Board of Trade Journal, London, 7/5/65; 28/5/65; 18/6/65 and

25/6/65; 2/7/65)

Zambia - Japan

A trade agreement was concluded on 21 May 1965 between the Governments of Zambia. and Japan. The

agreement

includes, inter a.lia, provisions to eliminate some disori.minatlon agains·t Jcpanese imports and to establish a joint Committee to supervise its working. The Japanesu Government is :w,i·lling to. exp.lore meat.Ls·, 0-f. e.oonoaiio assistance to Zambia. The agreement

~- also provides for increase·in-Japanese private investment in Zambia.

') ;_

(The Financial Times, London,

22/5/65;

International Financial News Survey, Washington,

25/6/65)

~

E/CN.14/~Tc/m/12

Page 10

EXTER.t.~AL ASSISTANCE, CREDITS AND INVEST1WTS

Africa - EEC

The EEC Commission has approved the financing by the Europe{Ul Development Fund (EDF) of projects in the following African associated

· siates.

Burundi

Came~oon

.Central African Rep.

Chad

Congo (Brazzaville)

Congo (Leopoldvi.lle)

Gaboi:

FB 104 825,000 (s1.198 million) for experimental tea plantation and factory.

CFA F 725 million {$2.937 million) for improvemen' of roads.

CFA F 185 million worth of equipment to step up output of Garoua. power station from 800 kw to 3,200 kw.

CFA F 299.2 million ($1.212 million) for aid to production.

CFA F 455 million for rural roads and cattle markets.

C:i'A -F- 374-.:3 ... mill:i:on ($-1. 516-mill-ion) to improve yield a£ cotton cultivation.

tFA

F 500 millio~

($2.026

million) to sink 165 wells.

CFA F 26 million ( $105, 009:),__t~. enlB:,Xge. the technical and commercial Lyoee at Fort-La.my. CF~ F 1,745.9 million for palm-oil plantations.

CFA F 200 million for establishment of four cc;,llegee •.

CF

37.5

^million ($250,000) for-road survey. CF 480 million ($3.2•million) for the.purchase of two sea-dredgers.

, '

CFA F 320 million for road. construction.

Madagascar

.:... ... ·,

.

^--

Mali . ^{,l •}

Mauritania

Niger

•·

Senegal Somalia.

I •

...

.

^.,

.

E/CN

,.14/sTC/FTI!f/12

Page 11

FMG 121 million {$490,000) for three agricultural improvement schemes.

· FMG 16.4 •million ( $.66, 000} for expert eta.ff for

~!-~he IhdU~trial Development Office~ ·

FMG 240 million for an irrigation project on the

· Ma.d.iro~alo plain to increase rice and groundnut pro,duct;i.on.

' FM '812· m

0

i•llion {

t

3. 269 ·'million) · to complete the

, • . ' J

Segou Balasan road.

CFA F 1 billion (

!~::2? ~ 1!:1l~l~~n) ..

to -~p]lY

drinking water to Port-Etienne and Fort-Goura.ud.

Sl.357 million for building•nine hydro-agricultural dame and provide equip~ent ~or Mauritania's

· eastern region.

· CFA F. 7,95 million for constructiQrJ: of the road Nouakchott-Rosso.

•· .CFA F 2.9_1. 35 million for school construction.

~- CFA

F

·58.5

million ($237,0CO) for· irrigation of 39

3.

hec·t'a.res.

$2.91 million for sinking 150 wells.

RF 50.53 million ($1.011 million) for experimental tea plantation and factory.

$88,000 for aid to bee-keeping culture • CFA F 2,950 million for

.

aid to production.

1

• $1. Q64 millio~ for· _t'echnica.l co-op·ara tion projects

- . .. .

connected with a new hospital in Mogadiscio.

$4.85 million for construct.ion-of the ·road of

-.· • - - - .. .. - • .liili

A£goi-Baidoa.

• • ,f

_E/CN.14/sTC/FTN/12

Page 12

Africa - EEC (cont'd) Somalia E-cont'd)

General

.. .. ;

...

^,·. ,.

$1.569 million for;.ancither:.r..o~ .ei~~e-~sion programm~.

~250,000 for aid to the population which suffefed from famine.

4OO,_000 U:Di ts of account for feasibility studie~ of industrialization possibilities in the associated states •

(Marches Tropicau.x, Paris,

20/3/65~

10/4/65; Africa South

of

t1:J.~

Sajl.a.ra.; Paris,. l/?/65, 12/4/65 and 14/5/65J In- ^!.

ternational Finano~al News Survey, Washington,

23/4/65) ·

Africa.·- United States ...^> .

. ^, . -·

The US Agency_ for International Develo:pment (AID) and the Depa.l'tment _o.f~ A~;cu..1.J:v.re have announc~d the foll_o;wing Food for Peace agreements:

Congo, Dem.Rep.

Guineg ..

Ivory Coast Ke-nya.

• Morocco Sierra Leone

Twiisia

UAR

. .

• - I

• 1~-~.$4. 05-,:nri-11.ion for cotton.

·35.42

^million for rice.

$4.01 mi•llion for rice.

33.7 milli~n for corn.

$13.9 million for wheat.

.#1.12 million mainly for cotton, flour and tobacco.

$14.69 million mainly for wheat, feedgraine and cotton-seed or eoya~~n oil.

$27 million mainly for wheat, vegetable oil, . dried milk and tobacco.

Tne a.mounts quoted included certain transportation costs.

·' ' ~

· . .• (US_IS. Bu.l~_etin, Addis Aba.~~,

~3/5/65;

^a.nd Internatiol'l:at. ~. ·.

· · Financial News Survey, Washington,

7/5/65)

Algeria - Ku~ai·t·

The Government of Kuwait has decided to a.ooord Algeria a loan totalling F 100 million.

(Le Monda, Faria,

28/4/65)

Algeria - UN S?ecial .fund

E/CN.14/sre/FTN/12

Page 13

The Algerian Government bas re<;_uested a.id f'rom the UIT Special Fund in Order to realize .. its industrialization pro6ramrue. Tne assistance; requested

. . .

t·or two years, is for ex2e:r.'ts on petrochemicals, fertiliz.ers and reduction of mineral ores by ~he ase in natural gas, and also for studies of methods of transportation of eas for ex~ort .

•• ,, _. ,..; ':t

The Special ~~nd will provide, besides expar~s, special eq~ipment a.nd scholarships. ·Tue ilgerian Government wili install the laboratories, and will provide certain personnel and other services.

,1 ' •

The Fund n~s ma.de co.i;:.rni tr..ents for a total sum of 1:722, 700 for the

next two years. The following table shows the cost of the va.rious pToj~cts;

Experts (research re- presenting 1O~ year1 s of ex:pert work)

Soh~la.rships (represe~ting 5 years of study) · Eq_uipment

Sub-contracts othert•!.iJ'..j•'J"';::.

i

·~

^.. ~

TUT.AL'

136,000

25,000 100,000 280;000

L.

300

5 4 8,500

·2nd Year (in US )

102,200

20,000

45 , 000

, • 7,0QO

Tots.l

238,400

~5,000

~2.0,000

325., 000

14, 3:og J22

zJOO

To this total is added another $104,000 fot 5^eneral' expenses, thus bringing the Fund's .total contr~:1.1ution to ~827,300. ·

(Industries et Travawr d"Outre-mer, Paris, F~bruary

1965) ..

.Angola - ~witzerland

....

The General Trade Com_. pany ~f Oenev~ has co~c·l~d_ed w~ th yhe Portuguese

;

Government a contract guara..~teeing a lo~n of ~35 million on Qehalf of Angola.

E/

^{CN .14/STC /FTN /.12}

Page ::\-4 . .

Angola - SwitzerJa.nd (cont'd)

The General Trade Company is a private company -whose aim is to promote commercial exchanges notably in the underdeveloped countries.

Two-thirds of tno money involved under the contract is attributed to F:re.nch firms.

The contract includes a v~st programme of economic development, notably road construc~ion, hydro-electric projects, telecommunicatione,

··hospital installation a.s well as the general improvement of the principal

Angolan ports.

The loan will be repayable in foreign currency within 9 to 10 years depending on the nature of each project, and carries an interest of

5.5

J)er· cent.

(Marches Tropicaux, Paris, 6/3/65) ' .

Cameroon

Three laws concerning industrial develoll(llent were adopted on

5

May

1965.

under these lawe the Government is authorized to coriclude_-agreement with the Cotton Industry of Ce.maroon, the Cement Factory of Northern Cameroon and the Cocoa Company of Cameroon The Republic o~ Cameroon and Chad are providing capital, with other foreign gro1.1ps, for the first two companies.

- ,

The construction-of the·~~tton factorr at Garoua and Douala has been std.r·ted recently.'- l ts production will be initially 1,400 tons to 2,000 tons and will be increased later to

4.,

000 tons of fabrics.

The cement concern will _produc.e, in the fU:st stage, 22, 000,:,tons of cement and, when in full operation, 45,000 tons. A certain amount of the output- of these companies will be disposed to the Republic of Chad.

The Cocoa company is f'i11anced by a Japane.se. industrial group which are to install in Yaounde a facto:c:-y producing

1/,oo

tons of cocoa butter from

I ' .

the outset. 37 per cent of the ca~ital is subscribed by Ca.maroon citi~~ns and its p~od.uoe is destined for the Japanese market.

The total investment of these companies is CFA F 2,645 million and offers employment for 700 workers.

-.

E/CN.14/STC/FTN/12

Page 15

Cameroon (cont'd)

,

.

.; .

The qov~.rnment is also authorized to-conclude ~reement with Societe

~ucr~~re

du C~e~~~d Nobil Erploration Eq~atori~l Africa- The first company is to in~est CFA F 1₁~00 million and to ·cultivate 10₁000 hectares ot. ~\-1.e;ar cane ~hich will prod~ce a total of 10,000 tons of refined sugar annuil~. The .American company is to undertake prospeot,ing for liquid and gaseous hydrocarbons along the Cameroon coastline.

'.!

,(Marchee Tropic$ux, _Paris,

15/5/65;

,L • •

Cameroon - F'rance

A fin~5?;ie.l a.gre~ment has be.en signed between France anq. Cameroon,

' . .

,

^;

un~er whic~ the French Fonds d'Aide ~~t .de C~-o_peratiori is to provide funds

I • •r ... - ~'\ .._., • J.. """: :_ • • ,, .. .. , . • t ;• • _. • : ...l

equivalent to CFA It' 717. 75 mill.ion. The c.re.di t wilT be used to fin~ce

•, • • a • , I • 1

several economic and social projects-stipulated

in

Cameroon's development plan.

.,

· (1i1a.rches Trop_icaux, Paris, 13/4/:65)

Chad

•• r

An agreement has be.en concluded ·between the representatives of a

'Franco-German textile concern and the..::..Re~t:&_9.lic of C~ad. under the agreement

. . . ,.... ~

--- ---

a·textile mill is to be set up ~t lq~t-Arohambault. It wil~ produce fabrics

. '

.

unbleached-,· bleached, tinted an4 p:;t"int~J.;. • a-nd its annual production is to be

·1ncreased•initially from 8 to 12 mtl~ion metres and then to 15 million in

t -the :folldwing- yea.r.

This is ~he first ~ro~amme undertaken by the E3C and the UD~C in

- . • • 1..l

accordance wit~ the Ro~e Treaty, the Yaounde Convention Qf Association and

. .

to the co-ordination policy ad6pted by the states comprising the Central African Economic and Customs Union.

"

. ··-

~

:micN· ~ _ l4/$TC/FTN/12

Page 16

Chad (cont'd)

Capital for the new co~pany is provided by French, German, Chad and

• i -· • • · •

Cameroon interest~. Total in~estment is estimated

..

at J6 miliion, towards which the Federal .. Republic of Germany has given Chad a loan of DM 8 million, ($2 million), a :i.i'renoh financial group

$2

million, and $1 million each

comes from Chad and Cameroon.

(Industries et Travaux d'Outre-mer, Paris, February, 1965;

Afrioa₁ Paris,

11/5/65;

International Financial News Survey, Washingtont

25/6/65)

- 'j

Congo (Brazzaville) - China

A teoJ?.nica~ c0:7opera~on. apd, an economic agreement. _amoun;ting to over 1,7 million has been concluded_ between the Congo (Brazza.vill~) ,Government and Peqple '.s Republic. of: ,China.

The contract provides credit for the installation o~ a weaving mill in Brazzaville, a moder.1_ ~arm for cot·ton ~ .01dng, improvement to the radio station (increasing th~

power.of

^its tran~~itters from 25 kw to 100 kw), a palm oil refinery, fish processing and rice growing. ... ....

(Africa, Paris,

15/6/65)

. Congo (Leopoldville)

..

-The United·Nations, the Federal Republio of OermanyJ the United States

. , and -the United Kingdom recently

a.greed

to provide·

CF

2.5 bili'i·on (a.bout

$16.7 million) to the Democratic Republic of the Congo to finance various ,social ~~d: eoon..?mi? developwent projects. -~mainly in public works. The

funds, ..

wh~P¥ , ar~ -

to be pl~oed i~fdiately ... at the d;i,.~posal of the Congo Go~er~ent,~~il~, be mana.,ged by a commit~ee compose~ of .representatives from the Congo and the donors.

(International Financial News Survey, Washington,

5/3/65)

Congo (Leopoldville} .- :Fed. Rep.·· of Germa&

E/CN.14/STC/FTN/12

Page

17

. .

The ~epublic, of the Congo ( Le;o) i~ to rece:i;_v:e a loan of 1.336, 000 from West Germany. The loan will be used fnr rebuilding a railway bridge at Kongolo, and the Kabeya.-Maji road bridge •

. ( A:frioa., . ·Paris, 2

5/

^{6/ 65)}

Dahomey - EEC

The entire aid from the European Development Fund to the production progr~e of DahQIDey haa been ~o :rar distributed as follows (in 1,000 CFA F):

Palm trees Groundnuts Cotton

qo(?_o~ut-:-~~-trees Cofee

Total ...

This programme include•;

Structural ::. improvement

J. : :,

352.3 55.5 134.6 28.1

Price Subsidy

260.0

90.4 -

34.6

Total

352 . 3

315.5 225.0

62.7 13.5 . 968.0

improvement of 8,350 ha of palm-tree groves in south Dahomey· (planting of cover plants,. 'f)Opularization o.f ,fertilizers., access roads which would double the rentabilityJ

- for groundnuts, popularization of selected seeds; an increase-of the number of hand.shelling machines, in order to bring output to 1,000 Kg per ha, yielding 13,000 tons in 5 years; the price subsidy to the amount of 82.5 per cent of the global amount (for the

1964-65

season, the EEC only gives a subsidy of CFA F 4.50 per kilo, the rest falling to French bilateral aid);

- treatment by inseoticide and fertilizers of the cotton plantation in the north-east, involving 6,000 ha to increase output fourfold and obtain an annual sale of 4.600 tons of cotton fibre; price support of 40 par cent of the total a.mount;

E/Cfl,J.4/STC/FTN/12

Page 18

- for ooconut-palm cultiva:'fiiop. -{ f~t.i-lize~s, plant_ip_a- of ~e-l~9ted seeds,

a . • -- - • • 40 • - - -- _ , . . . , , . •, . •• 4 - • ~ - - ~ -- , - - · _ _ . . . _ _ . , . . _ - - ' - ' - - - - •

drainage, etc.) to result in an annual marketing of 560 tons of grated copra.; price suppori to th~e· am-oun·t of 55 pe:r cent

o-f

·-the total;

~ ^{\ , - • • , , - . . '} - . . . . • ~ f f

- for coffee growing - purchase. of material for treatment of coffee and

.

^-

provide the necessary supervisory personnel; to increase the output per ha by 50 per cent and f'urnish 2,0~0 ~ons compatible with Dahomey's annual quota in the International Coffee Agreement.

'11he first phase of this programme involves CFA F 253,580.

boo ·;iie(

·follows ( in l, 000 CFA -F):

Palm trees Groundnuts c:otton

. ^-

I ^.

Coconut-palm trees Coffee

Structural! · improvement

92,440

15,350

31,280 9,110 5,300

~o!_a~-- _

=--

153,_480

' . .

Price · Subsidy

Total ,·,

92,400

45,000 60,350

I • • •• -

44,300 75,580

• • •• .,. L .

10,800 19,910 5,300

.

^{,. ,•}

100,100 .251,580

The Government of Dahomey has obtained from the Euxopean Development Fund a grant of this amou.~t for financing ~he first stage of the Five-Year- Plan.

(I_ndustries et Travaux 4•~tre .... qier,, Paris, ,Februc;.ry, ;1965) ,.

... .

Dahome,x:

The,,Unicn Oil Company of Califqrn:j..a ~s a~~t-~d ^{loo,l~ing. for} oil in

Dahomey, and :prospecting will be carried out for the next JI,. • I • fiv~ years on land ^af+(i under the sea. .. . .

Union Oil has contracted

·to

^invest over 1a570, ⁰⁰⁰ under the ·terms of the agreement. There has been a previous attempt in oil prospecting by another company, . but due to financial difficul1;ie~.;!;he. project was shelved.

(Africa South of the ~a.hara,

Paris,

si4/65) '·.

Ethiopia - Eulbaria

E/CN.14/STC/FTN/12

Page 19

. Ethiopia tuid Bulga.1."ia have concluded six economic and co-operation -ap-_eeme~ta, w~i_pp. include a Bulgarian loa!l of -Zth.$ 12.5 million.

IJ:'.he. }ca~.,,- Q~ing an interest of 2½ per cent, will help the establi_' shme_. . nt of Ethio-Bulgarian joint companies concerned with the dev.elopment- .of agriculture; . stock raising, fishing and in•iustrial uses of these r~sources.

• • • I

(Africa South of the Sahara, Paris,

5/4/65)

Guin~a - Fed. Rep. of Germar.y

I

'Ib.e signature of a capital aid agreement between Guinea and the Federal Republic of Germany hae been announced, under which the latter is to make available loans of up to lliu 30 millio~ for the modernization of the Guinean rail~ays. •

... ^~ .

(Bo~rd of Tra~e Journal, London,

25/6/65)

Ivory Coast - ...,uro;ee~n IJ'eveloprnent' liu.nd

On 18 11:ia,y 196:J, the Ivory Coast signed a convention with the :E2C

• I ·t, ··, '{ _, • -

Commission, whereby the E.DF wi:11 finance the development of palm-groves, covering 32,000 ha. The cost _of financing t.1:,is projec.t· is $32. 0 million (CFA'F 8,1 milliard) and is non-repayable.

• (Ma.z-ches'·Tropica:ux, 'Paris, 22/5/65)

Ivory Coast - IDT Special Fund

Th~ y.t~.Special _~ d ~~ to h~l~ the I~ory Coast in opening the practicallJ unexplored south-west region for mining prospecting. Under the plan, a rail- network and daep-wate~ port will be built. The port rill be situated at San :Pedro, near the Liberian frontier.

The Fur..d is contributing $1.89 million and the Ivory Coast will provide the equivalent of $622,000 in services.

(Africa South of the Sahara, Paris,

8/4/65)

E/CN.14/STC/FTN/12

Page 20 _

Ivory Coast - :3EC

Under the provision stipulated .in the Yaounde Convention, the Zuropea.n In-y-~stment .Bank ha~ made its first loan to .. the Ivory Coast.

1he agreement was negotiated on 17 May

1965,

and is providing finance for t~e e~t~blishment of an ipdustrial plant to expedite the handling and packing of bananas. The-total cost of the project amounts to $2.6 million, towards which the EIB is contributing $1.015, million for seven years with interest at 5 3/4 per cent per annum. The loan is guaranteed by the Ivory Coast Government.

(International Financial News Survey; ·-washi.rig-tw'r,: 18/6/65) Kenya

. It has been a11nounced that aid totalling I.41 million ( ~1;115 million) has been promised to Xenya from several soarces. This includes an offer from the International Development Association of a loan of 113 million to buy rolling stock for the ~ast African Railways; a loan from the

United Kingdom and the World Bank of ~20 miliion for consolidation of land holdings in Kenya, and !a3 in'illion for special d.evelopment in 1fasailand.

The World Eank has also ae,reed to brine fOr1fard Kenya•s tea programme so that the third pha.ae, which was to !1ave started in 1970t would now begi~ in 1967 (for previous loa~ for this project see FTNL No.9 & 10). The F·ederal Republic· of Germany has also agreed to loan lii5 mill.ion for a.

sugar project. Furthermore, the

.

~et~erlanda, Italy and France have agreed in principle to give technical assistance, and financial aid is expected from Franca.

(Internatioual Financial News Survey, Washington,

23/4/65)

E/CN .14/STC/'fflf/12

Page 21·· '.'

1

Kenya

Plastics Africa Ltd. and A.C. Barbier Company are to undertake a joint venture to manufacture ball point pens in Kenya. A contract with

. . '

Bio Company has been concluded. Ball point pens were recently included in the list of goods whose import into Kanya is restricted.

('Overseas Review, London, February 1965)

Kanya - IDA

The International Development Association (IDA), an affili~te of the World Banlc, has given a credit of $3 million to Kenya for a road project which is ·~n integral part of'the Kenya.Tea Development programme (for J)revious~ loans toward this projeet see FTNL No.9 & 10, pp:.18--19).

·' .

The funds will help to finance -'11he c<J'.1a.t:ruc·~ion of about

. .

900 dles of tea collection and factory access roads to permit prompt collection and

·ittooessing of'

tea,

and equipment for 15 small road maintenance units. (Africa, Paris,

25/6/65)

Kenia - Fed. Rep. of Germany

The Government of West Germany has made a further .loan of .. lal. million to Keny~_for the n1ain purpose of supporting the Industrial and Development Co1'l)oration. The main task of the Corporation is to assi~t .Af'rioans to

i i , ' . . - , 1 . . . t'1 • ._ ^I t;: :; . ,:: .. ' . , .. :) . .,.": ~ • -., • ... •♦ • I •

enter comm, ce and to establish sma;:l inJu~,~r_ie_~~ \,

~~V:f,~f~e ;1,;

^{~-~~r from}

the West German Government has amounted to over b5½ million over the last three years.

(Overseas Review, London, June 1965)