LYCOS RETRIEVER 
Senegal: United States
built 805 days ago
![[Country Map]](http://retrieverimages.lycos.com/images/s/e/n/senegal/i/043.jpg)
Senegal has had moderate success in attracting foreign investment, mostly from France, India, and Morocco. Currently, there are no restrictions on the transfer or repatriation of capital and income earned, or investment financed with convertible foreign exchange. However, the government does limit the amount of foreign exchange individuals may obtain for trips outside Senegal. Outgoing travelers may obtain a maximum of CFA 6 million in euro or foreign currency. Direct U.S. investment in Senegal remains about $100 million, mainly in petroleum marketing, pharmaceuticals manufacturing, chemicals, and banking. Economic assistance, about $700 million a year, comes largely from France, the IMF, the World Bank, and the United States.
Source:
Senegal's natural gas reserves are primarily located onshore. In October 2002, U.S.-independent Fortesa has begun natural gas production from the onshore Gadiaga Development Area and is applying for a license for the adjoining Kayar offshore field. Gadiaga currently produces two mmcf/d and Fortesa executives stated that the company planned to carry out additional seismic studies. Fortesa holds a 70% stake in Gadiaga, with the remaining 30% held by Petrosen, the Senegalese national oil company. Production from the onshore Diam Niadio field, which took place from 1986 to 1999, totaled more than 7 bcf.
Source:
Senegal has well-trained and disciplined armed forces consisting of about 17,000 personnel in the army, air force, navy, and gendarmerie. The Senegalese military force receives most of its training, equipment, and support from France and the United States. Germany ... provides support but on a smaller scale. Military noninterference in political affairs has contributed to Senegal's stability since independence.
Source:
The State Department's annual Trafficking in Persons Report (June 2002) designates Senegal as a Tier 2 country for combating human trafficking. Although Tier 2 countries do not fully comply with the minimum standards established under the Victims of Trafficking and Violence Protection Act, they are making significant efforts to comply with those standards. Some governments, for example, are strong in the prosecution of traffickers, but provide little or no assistance to victims, while others assist victims and punish traffickers, but have not taken any significant steps to prevent trafficking. Some are only beginning to address trafficking, but have taken significant steps toward eradicating the problem.
Source:
The fishing industry is one of the most important areas of primary sector activity in Senegal. In 1994 the industry accounted for 8.5 percent of the GDP, employed 200,000 persons, provided 27.3 percent of total exports, and earned US$240 million. Favorable world prices and competitive pricing because of the 1994 currency devaluation boosted fishing exports. The output of fishing, or "fish-catch," reached 486,800 metric tons in 1997. This figure demonstrates the exceptional growth of the fishing industry in recent years, considering that total output for 1991 was only 387,800 metric tons. According to the U.S. State Department Country Commercial Guide, the development of the fishing sector is hampered by an aging and outmoded fleet, the threat of over-fishing (thereby depleting supply), and stiff competition from South Asia in international fish markets.
Source:
MORE ABOUT
United States