Thursday, July 21, 2011

Tunisia

Industries: petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages

Exports: clothing, semi-finished goods and textiles, agricultural products, mechanical goods, phosphates and chemicals, hydrocarbons, electrical equipment

Tunisia is a nation in northern-Africa, bordering the Mediterranean Sea to the north and to the east, and between Algeria to the west and Libya to the southeast. The eastern end of the Atlas mountains occur in north of the country beyond which there are hills and plains to the coast. South of the mountains is a hot, dry central plain; and its semiarid south merges into the SaharaDesert.

Economy
Tunisia has a diverse economy, with important agricultural, mining, tourism, and manufacturing sectors. Governmental control of economic affairs while still heavy has gradually lessened over the past decade with increasing privatization, simplification of the tax structure, and a prudent approach to debt. Progressive social policies also have helped raise living conditions in Tunisia relative to the region. Real growth, which averaged almost 5% over the past decade, reached 6.3% in 2007 because of development in non-textile manufacturing, a recovery in agricultural production, and strong growth in the services sector. However, Tunisia will need to reach even higher growth levels to create sufficient employment opportunities for an already large number of unemployed as well as the growing population of university graduates. Broader privatization, further liberalization of the investment code to increase foreign investment, improvements in government efficiency, and reduction of the trade deficit are among the challenges ahead.

Togo

Natural Resources: phosphates, limestone, marble, arable land.

Industries: phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages

Togo is a nation in western-Africa, bordering the Bight of Benin in the Atlantic Ocean, between Benin to the east and Ghana to the west. It is a long narrow country running north and south between the ocean in the south and the Burkina Faso in the north. The country's length allows it to stretch through six distinct geographic regions; climate varies from tropical to savanna. Togo has gently rolling savanna in the north; central hills; a southern plateau; and a low coastal plain with extensive lagoons and marshes.

Togo only has an oil refinery. Togo relies on imports of petroleum products. Oil and Gas activities include Refinery, Oil & Gas, Exploration and Production in the following region, Lomé.
Economy
This small, sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings with cotton being the most important cash crop. Togo is the world's fourth-largest producer of phosphate. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is working with donors to write a Poverty Reduction and Growth Facility (PRGF) that could eventually lead to a debt reduction plan. Economic growth remains marginal due to declining cotton production, underinvestment in phosphate mining, and strained relations with donors.