The Country Is Peaceful And The Population

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Somaliland Somaliland introduced its secession in 1991 and has operated as a less independent country since then; it has its own Government system and constitution. It even has a central bank that prints its own currency called Somaliland shilling. The country is peaceful and the population is about three million and most of the population is Muslim. The world, however, has refused to recognize Somaliland as an independent country. Not wanting to encourage numerous other separatist movements, Western countries remained dedicated to supporting the embattled Transitional Federal Government within Somalia, which opposes the separation. Now let me talk about the Economy in Somaliland even though Somaliland is not totally independent country…show more content…
The western countries currently have no trade agreements with Somaliland, ant it’s not a member of the World Trade Organization. Added to the difficulties local Somaliland businesses face when competing regionally and globally. According to data from the European Commission’s Directorate-General for Trade In 2011, Somaliland exported goods worth nearly $300 million. While the figures are significantly higher than the 2008 exports, which were less than half of that number, but still the country runs a large trade deficit due to the lack of independent. It’s too obvious that Somaliland exports less than other countries because number one is an unrecognized country and number two Somaliland didn’t get international aid from the world bank or the western countries. So of course Somaliland GDP is very low due to those reasons I mentioned at the top. Somaliland biggest export market is to the United Arab Emirates, which takes in more than 50% of total exports. Just three countries United Arab Emirates, Yemen and Oman account for 82.5 percent of all exports, mostly in livestock, and about 11.7 percent Somaliland exports to Ethiopia which is the closest friend that Somaliland has in Africa. Regional partners often impose strict restrictions on Somaliland, mainly out of security fears because Somaliland is still part of Somalia, which is the unsecure nation in the world, said Hassan Noor, CEO of Hanvard Africa, a consulting firm that
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