Explore The Northern Corridor
Business Environment
Overview
The Federal Republic of Sudan has the status of a low income, least developed country. After the July 2011 secession of South-Sudan, the country undertook ongoing efforts to diversify its economy. This region of the country had been responsible for about three fourths of the former Sudan’s total oil production. The oil sector had driven much of Sudan’s growth since it began exporting oil in 1999. Now, oil earnings provide a far lower share of the countries portfolio.Sudan is generally open to trade and there are no major trade restrictions. Recent trade policies aim at expanding its export base, reinforcing competitiveness in the export of non-oil products and opening new exports markets to encourage more foreign direct investment.