Exporting to “Madagascar”
President Obama announced the National Export Initiative (NEI) http://www.export.gov two years ago, with the goal of doubling exports by 2014. U.S. embassies are committed to supporting U.S. companies to start exporting or grow their exports to Madagascar. In this section, you’ll find a quick description of Madagascar as an export market and some suggestions for getting started.
Outside the Export Processing Zone (EPZ) companies, whose focus is primarily on apparel production and data processing, the most promising sectors are energy, mining, and tourism. The best prospects for future U.S. sales and investments are in energy, oil exploration, telecommunications and mining sectors.
1. Visit the export.gov page on Madagascar to get an overview of economic conditions and opportunities. Access the U.S. Commercial Service Market Research Library containing more than 100,000 industry and country-specific market reports, authored by our specialists working in overseas posts.
The Library Includes:
- Country Commercial Guides (read latest “Doing Business In Madagascar” )
- Industry Overviews*
- Market Updates*
- Multilateral Development Bank Reports*
- Best Markets*
- Industry/Regional Reports*
2. Contact your local U.S. Export Assistance Center for advice and support on exporting to Madagascar. Contact a Trade Specialist Near You
3. Contact your local Small Business Development Center (SBDCs) Starting a business can be a challenge, but there is help for you in your area. Small Business Development Centers (SBDCs) are partnerships primarily between the government and colleges/universities administered by the Small Business Administration and aims at giving educational services for small business owners and aspiring entrepreneurs.
Investing in Madagascar
This section provides information for current and potential investors in Madagascar.
Potential investors: Getting Started.
If you are considering investment in Madagascar, here are some steps you may wish to consider as you get started:
- Register with the U.S. Embassy – If you are planning a visit to consider investment, let us know by sending an email to the contact addresses on this page.
- Contact the following local U.S. business support organizations:
Subscribe to our embassy Facebook page and Twitter:
Facebook: U.S. Embassy Madagascar – www.facebook.com/usembassy.madagascar
Twitter: USMadagascar – twitter.com/USMadagascar
Current investors: Staying Connected.
If you are a current U.S. investor in Madagascar, the U.S Embassy wants to stay in touch. Here are a few steps you can take to keep the channels of communication open:
- Register with the U.S. Embassy – If you are active in Madagascar, let us know by sending an email to the contact addresses on this page.
- Add us to your mailing lists – we are always happy to stay informed.
- Subscribe to our embassy Facebook page or Twitter feed.
- Set up a meeting with our economic or commercial team to discuss any issues that arise.
Working in Madagascar
In this section you will find information on business visas, travel advisories, and anti-corruption tools.”
For further information about visa requirements and travel information, the following State Department web site is available: http://travel.state.gov
A visa is required for entry into Madagascar and can be obtained at the airport for stays of less than 30 days. U.S. companies that require travel of foreign businesspersons to the United States should be advised that security evaluations are handled via an inter-agency process. Visa applicants should go to the following links:
Make sure to check the current State Department travel advisory for Madagascar.
The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business. These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires companies publicly traded in the U.S. to keep accurate books and records and implement appropriate internal controls.
More information on the FCPA can be found here: http://www.fcpa.us/
A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statue. Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA. Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations.
Direct lines for American Business:
The Direct Line for American Business program connects U.S. businesses with American Ambassadors and U.S. mission personnel overseas, making you part of our “country team”. You will get up-to-the minute information on markets vital to your business, and learn about new sectors and tenders to help you expand your business. For more information and to receive announcements of new calls, visit www.state.gov/directline.
The Business Information Database System (BIDS)
“The Business Information Database System (BIDS) gives U.S. businesses up to date information about significant foreign government and multilateral development bank procurements. Through an interactive map interface, businesses can find new export opportunities, validated by U.S. government economic and commercial experts overseas. Public and private partners can link to or download BIDS data for matchmaking, analysis, or other purposes. BIDS website is: http://bids.state.gov
BusinessUSA is a White House initiative that serves as an electronic clearing house for U.S. Government information and assistance that relates to business. State is a member of the BusinessUSA development team, helping to define and create new content as the site expands and evolves. BusinessUSA website is at http://business.usa.gov/link-to-us.
The Overseas Security Advisory Council (OSAC)
The Overseas Security Advisory Council (OSAC) was created in 1985 under the Federal Advisory Committee Act to promote security cooperation between American private-sector interests worldwide and the U.S. Department of State. OSAC has developed into an enormously successful joint venture, with U.S. companies and organizations receiving the tools they need to cope with security issues in a foreign environment. OSAC is a free service to U.S.-based or incorporated private sector organizations with overseas operations.
OSAC promotes effective cooperation by working to assist the U.S. private sector to better anticipate security issues, including identifying and tracking threats, particularly those targeting private sector personnel, facilities, investments, interests, and intellectual property. In addition to providing timely and actionable security information, OSAC also aids in the development of new markets with accurate assessments of current and future security environments. Ensuring that critical security information is shared with those who need it, when they need it, OSAC is available 24 hours a day, seven days a week to answer constituents’ questions with expert analysis of rapidly evolving security challenges overseas.
Through the use of its web site, https://www.osac.gov/, OSAC offers its constituents the latest in safety and security-related information, public announcements, Consular Affairs bulletins, travel advisories, significant anniversary dates, terrorist groups’ profiles, country crime and safety reports, special topic reports, foreign press reports, and much more. The OSAC information exchange mechanism also includes a staff of international security research specialists that is dedicated solely to serving the U.S. private sector. Additionally, OSAC has a network of Country Councils around the world that brings together U.S. embassies and consulates with the local U.S. community to share security information.
For more information or to join, please visit https://www.osac.gov/.