Togo benefits from the EU's "Everything but Arms" (EBA) scheme for least developed countries. Togo is considered a low-income economy by the World Bank with the per-capita income currently standing at $ 1.010 in 2022. Preferential imports from Togo amounted to about €13,1 million in 2022..
The “Everything but Arms”(EBA) scheme is a permanent arrangement covering Least Developed Countries (LDC’s) as classified by the United Nations. This arrangement enables duty-free and quota-free access for all products (7200 products in total) originating in LDC’s except for arms and ammunition. Different from the Standard GSP and GSP+, LDC’s are not excluded from the scheme if they benefit from other preferential arrangements.
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Togo, although one of the smallest countries on the African continent, is one of the largest phosphate producers in the world. Togo also produces iron, limestone, gravel, and sand.
Togo's main export articles are petroleum oils, calcium phosphates and other medium and light oils, as well as agricultural products like sesame seeds, raw cotton, soybeans, and cashew nuts.
Togo's most important trading partners are the EU, China, and India, which together account for more than 39% of overall trade. Burkina Faso and Mali are the most important destinations for Togolese products, while most imports originate from the EU and China.
Togo's economy benefits from its substantial phosphate deposits which made Togo one of the world's largest producers of that mineral. Additionally, the country also has considerable limestone and marble reserves. Another pillar of the economy is the agricultural sector which centres around the cultivation of coffee, cocoa beans, and peanuts. The agricultural production remains the main employer for Togo's population.
About 5% of EU imports from Togo currently make use of EBA preferences. The preference utilisation rate, which represents the ratio of preferential imports to GSP eligible imports, is very high and currently stands at 82.3%.
Total trade with the EU amounted to € 2,413 million in 2022. With a share of 19.6%, the EU is Togo's most important trading partner. This is mainly driven by the importance of European imports. About 26% of overall imports originate from the EU.
Only a small fraction of Togo's exports to the EU market are eligible for EBA preferences.
Togo makes considerable use of the EBA. The preference utilisation rate currently stands at 82.3%.
Overall EU imports from Togo substantially increased in recent years, which can mainly be attributed to increased imports of metals and cereals, grains and seeds. However, only a small fraction of EU imports (6% in 2022) from Togo is eligible for preferences granted by the EBA. Most of the major imports, including petroleum, coffee, cocoa, and soybeans, already benefit from zero most-favoured-nation duties. Despite eligible products only making up a small fraction of overall imports from Togo, preferences are well used. The preference utilisation rate has been consistently around 90% between 2017 and 2020, and stood at 82% in 2022.
The main product sections traded under the EBA are animal and vegetable fats and oils, agricultural products and headgear, umbrellas etc. The most prominent product sections make considerable use of EBA preferences. Lower preference utilisation was registered for product sections with only low shares of eligible imports. This includes for example textiles and machinery products.
Togo, as a beneficiary of the EBA scheme, is not obligated to ratify any conventions to be able to benefit from preferential access to the European market. Nonetheless, Togo maintains a very high level of ratification and has ratified all 15 core international conventions on human and labour rights. This includes 7 UN human rights conventions and 8 ILO conventions on labour standards. Additionally, Togo has ratified 8 conventions on environmental protection and 4 conventions on good governance aspects.
Access all info about EU-Togo relations on the International Partnerships website: https://international-partnerships.ec.europa.eu/countries/togo_en