Economy of Togo - Commerce

Commerce

Commerce is an important economic activity in Togo, and Lomé is an important regional trading center. Its port operates 24 hours a day, mainly transporting goods to the inland countries of Mali, Burkina Faso, and Niger.

Lomé's "Grand Marché" is known for its entrepreneurial market women, who have a stronghold over many areas of trade, particularly in African cloth. In addition to textiles, Togo is an important center for re-export of alcohol, cigarettes, perfume, and used automobiles to neighboring countries. Recent years of political instability have, however, eroded Togo's position as a trading center.

Read more about this topic:  Economy Of Togo

Famous quotes containing the word commerce:

    I am not able to instruct you. I can only tell that I have chosen wrong. I have passed my time in study without experience; in the attainment of sciences which can, for the most part, be but remotely useful to mankind. I have purchased knowledge at the expense of all the common comforts of life: I have missed the endearing elegance of female friendship, and the happy commerce of domestic tenderness.
    Samuel Johnson (1709–1784)

    Friendship is a disinterested commerce between equals; love, an abject intercourse between tyrants and slaves.
    Oliver Goldsmith (1728–1774)

    Honour sinks where commerce long prevails.
    Oliver Goldsmith (1728–1774)