Foreign Trade: The major exportable items of the Senegal are manufacturing goods, petroleum products, cotton, and phosphates. The export partners are India, Italy, Spain, France and Mali. The important importable items of the country are capital goods, fuel, and food items. It imports from the countries such as US, UK, Nigeria, France and Brazil. This is an example of globalization that can be viewed as an hindrance for a prosperous Senegalese foreign trade due to their significant trade deficit.
Paid Entry Visa cancelled- This example of globalization can be considered helpful for the Senegalese economy. Many tourists and foreign investors are going to be attracted by Senegal more than before based on the hassle free of visa procedures. Also, the taxes on the flight tickets are being reduced by 50%. That will help more tourist go to Senegal, so they can spend money and that money can be circulated in the Senegalese economy.
Asoko Insight,. (2015). Senegal: Paid Entry Visa to be Cancelled starting May 1st - Asoko Insight. Retrieved 3 August 2015, from http://asokoinsight.com/news/senegal-paid-entry-visa-to-be-cancelled-starting-may-1st/
Paid Entry Visa cancelled- This example of globalization can be considered helpful for the Senegalese economy. Many tourists and foreign investors are going to be attracted by Senegal more than before based on the hassle free of visa procedures. Also, the taxes on the flight tickets are being reduced by 50%. That will help more tourist go to Senegal, so they can spend money and that money can be circulated in the Senegalese economy.
Asoko Insight,. (2015). Senegal: Paid Entry Visa to be Cancelled starting May 1st - Asoko Insight. Retrieved 3 August 2015, from http://asokoinsight.com/news/senegal-paid-entry-visa-to-be-cancelled-starting-may-1st/