Welcome To

INDIA GABON BUSINESS COUNCIL

INDIAN ECONOMIC TRADE ORGANIZATION

The MOU was signed for the Indian Gabon Business Council between the Indian Economic Trade Organization and the Embassy of Gabon in New Delhi on 17th August 2022

Bilateral Relations to deepen

“As a President of the organization, my goal is to build bilateral relations reach new heights between India and Republic of GABON and our delegation will go in the month of October 2022. The focus will be on to deepen and diversify the relationship by identifying new synergetic areas for cooperation and collaboration, especially after the visit of our Vice President Shri. Venkaiah Naidu” said Dr. Asif Iqbal who is looking to connect the companies for business in GABON. Indian delegation will explore opportunities in areas of contractual farming, poultry industry, meat processing and agricultural collaborations and also identify other opportunities for building up a robust infrastructure needs of the country.

62 years of Independence for Gabon

Gabon celebrated 62 years of Independence and the event of the National day at the ITC Maurya witnessed the Diplomatic community and Gabonese foreign citizens who joined with a cultural performance by Gabon team. The chief guest of the event was the Joint Secretary of the Ministry of External Affairs Shri. Sevala Naik Mude IFS who emphasized on strengthening relations between both countries and deepening them with India’s economic diplomacy.

Meeting with the DRC Ambassador

The DR Congo formally joined the EAC as its seventh member in April after the signing of the Treaty of the Accession of the DR Congo into the EAC in Nairobi, Kenya.

The entry of the DR Congo increases the bloc’s combined GDP by 22 percent and geographical area by 79 percent.

With its entry into the EAC, the DR Congo can now fully participate in all the bloc’s programs and activities and also join various areas of cooperation.

Delegation to Gabon in October 2022

The business trade delegation will travel to Gabon in October 2022 to initiate mechanisms on collaborations and making new trade relationships. The Embassy of Gabon will be fully coordinating with meetings and interactions during the trip of the delegation to Liberville, the capital of Gabon.

About India Gabon

How has been the India-Gabon Partnership?

  • Diplomatic:
    • India and Gabon have enjoyed warm and friendly relations dating back to the pre-independence era of Gabon.
    • Former Vice President of India visited the African nation of Gabon in May 2022 making it the first-ever high-level visit of India to Gabon.
    • Both India and Gabon are currently serving as non-permanent members of the UNSC (United Nation Security Council).

Trade between India Gabon

  • Business and Trade:
    • The Bilateral trade between both nations reached USD 1.12 billion in 2021-22.
    • India is the 2nd largest destination for Gabonese exports.
    • In the business sector, more than 50 Indian companies are engaged in the Gabon Special Economic Zone.
  • Cooperation on International Forum:
    • Both India and Gabon are members of the Non-Aligned Movement (NAM).
      • NAM focuses on mainstream contemporary issues of relevance to the developing world.
    • Gabon supports India’s candidature at various international forums.
      • India congratulated Gabon for getting elected as a non-permanent member of UN Security Council for the term 2022-23.
    • India supported for the Common African Position enshrined in the Ezulwini Consensus and Sirte Declaration.

Delegates corner

Visas and Travel

All travellers

Passengers entering Gabon are no longer required to show a negative COVID-19 test at Libreville airport, nor are they subject to mandatory testing at Libreville airport.

You may be asked to present a negative PCR test on departure. Consult your airline before you travel.

If you’re fully vaccinated

Entry requirements for Gabon are the same for all travellers, regardless of COVID-19 vaccination status.

Proof of vaccination status

You don’t need to provide your vaccination status for entry to Gabon.

If you’re not fully vaccinated

Entry requirements for Gabon are the same for all travellers, regardless of COVID-19 vaccination status.

If you’ve had COVID-19 in the past year

Entry requirements for Gabon are the same for all travellers, regardless of whether you have tested positive for COVID-19 in the past year.

Children and young people

There are no specific requirements for children and young people.

If you’re transiting through Gabon

Transiting is when you pass through one country on the way to your final destination.

Check with your airline before departing.

Exemptions

There are no exemptions to Gabon’s entry requirements.

Check your passport and travel documents before you travel

DIVERSE INDUSTRIES

Forest industry

Gabon offers an extensive forest cover of approx. 77% of the total land area for a very long time. The Forest industry has supplied many life necessities, food, and shelter to the country. Gabon’s forest is home to more than 400 different species of plants, and 100 varieties can serve industrial purposes. 

Forestry plays a significant role in the country until 1968, when crude oil helped Gabon earn more than foreign exchanges. It has been the region’s leader in the export of wood, and the sales accounted for about 20% of raw wood exports. Also, the forest industry is the second most crucial sector after petroleum in export earnings. Gabon produces some world-famous hardwood trees like mahogany, ebony, kevazingo, tigerwood, movingui, and Zangana. 

The Government of Gabon also promotes reforestation and carries out selective thinning, which helped the Okoume tree species from getting over-exploited. Around 50 companies explore forests in Gabon, and the government has granted concessions of forest exploitation covering approx. 19,000 square miles.

Mining industry

Gabon offers a vast mineral deposit and has the richest French colonies in Africa. Besides oil, which contributes about 80% of the exports, Gabon has the largest Manganese deposit in the world and is the 4th largest producer of minerals. 

From high-grade manganese to minerals, there are over 250 million tons of manganese reserves, and their metal content is between 48% to 52%. Moanda mine, near Franceville, produces about 2.5 million tons yearly and is estimated to continue producing for the next 100 years. Other minerals discovered in Gabon include diamonds, zinc, lead, iron ore, uranium, phosphate, niobium, potash, marble, and more. 

Some of these high-demand minerals are commercially exploited and have increased the profits accruing from the foreign companies extracting the minerals in the country.

Come to GABON

FOREIGN DIRECT INVESTMENT

According to UNCTAD’s World Investment Report 2021, FDI inflows into Gabon increased from USD 1.5 billion to USD 1.7 billion between 2019 and 2020. The FDI stock was estimated at USD 14 billion in 2020. Gabon recorded robust inflows into the oil sector, with the adoption of its new oil code in 2019 leading to several new offshore production sharing agreements, some of which materialised in 2020. According to UNCTAD’ Investment Trends Monitor, global FDI flows rebounded strongly in 2021, but FDI flows to African countries (excluding South Africa) rose only moderately. The oil and mining sectors are the main destinations for FDI in the country, however, the agrifood and infrastructure sectors have recently received the largest FDI flows, notably from the Singaporean Olam group. China is increasingly present in the country, as illustrated by the recent EUR 180 million investment of Chinese energy firm TBEA in a hydropower project, and the USD 50-100 million progressive investment by Jiangsu Wanlin Modern Logistics Co. in the construction of a high-quality furniture factory in Libreville. Morocco is also a major investor in the country, with companies investing in the service sector, mining, infrastructure and construction. France has historically had a predominant place in the FDI stock of Gabon as hundreds of French companies have established branches in various sectors: oil exploitation, mining, timber, agribusiness, building and civil engineering works, financial services, water and electricity concessions, etc.

The government is actively trying to attract FDI. Its development strategy (Plan Stratégique Gabon Emergent – PSGE) aims at developing Gabon into an emerging economy by 2025 by diversifying the country and transforming Gabon into an internationally competitive investment destination. The plan calls for increased public and private investment, modernised infrastructure and improved human capital. Recently, the public-private partnership (PPP) agricultural programme (GRAINE) was launched, providing new oil palm plantations and the development of food crops. Changes in hydrocarbon legislation should also help to accelerate private investment flows. Gabon is the 5th oil producer in sub-Saharan Africa, Africa’s 2nd largest producer of wood and it hopes to become the world’s leading producer of manganese. It has special economic zones where companies have tax advantages, preferential customs duties and simplified customs procedures. The country also enjoys a relatively high purchasing power compared to other Sub-Saharan African countries. However, limited market potential, bureaucracy, weak contract enforcement, an unskilled and expensive workforce, as well as poor infrastructure all constitute barriers to FDI inflows. In the 2020 Doing Business report of the World Bank, Gabon was ranked 169th for the ease of doing business, unchanged from the past year. Gabon improved on some aspects by making the start of a business easier. Dealing with construction permits is now safer and access to credit information has improved.

 
 
Foreign Direct Investment201920202021
FDI Inward Flow (million USD)1,5531,7171,635
FDI Stock (million USD)12,24113,95715,592
Number of Greenfield Investments*1155
Value of Greenfield Investments (million USD)1,4455282,114

Source: UNCTAD – Latest available data.

Note: * Greenfield Investments are a form of Foreign Direct Investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.

Country Comparison For the Protection of InvestorsGabonSub-Saharan AfricaUnited StatesGermany
Index of Transaction Transparency*7.05.57.05.0
Index of Manager’s Responsibility**1.03.59.05.0
Index of Shareholders’ Power***4.05.59.05.0

Source: Doing Business – Latest available data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action.