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Benin’s foreign minister highlights opportunities for south korean investors

The Republic of Bénin is positioning itself as a stable gateway to West Africa’s vast market, according to Foreign Minister Corinne Amori Brunet, who shared her vision during a recent meeting with South Korean officials in Séoul.

Strategic advantages beyond resources

Speaking on the sidelines of the Korea-Africa Foreign Ministers’ Forum, Brunet emphasized that while Bénin may appear small in isolation, its real value lies in its political stability, investor-friendly policies, and prime geographical location. “We’re not just a market of 13 million people—we’re a hub connecting West Africa,” she explained.

As both a member of the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU), Bénin serves as a critical maritime entry point and trade corridor for the region. Brunet highlighted the country’s industrial transformation, streamlined logistics, and seamless regional connectivity as key drivers of its economic appeal.

Investment priorities and industrial growth

Despite potential mineral wealth, Bénin’s current focus remains on trade facilitation and attracting foreign investors. “Our geological surveys can wait. Right now, we’re prioritizing trade policies and infrastructure that remove barriers for businesses,” she noted.

Under President Romuald Wadagni’s administration, Bénin has accelerated reforms to modernize its economy. Major upgrades include:

  • The Port of Cotonou, now equipped with smart logistics and digital customs systems;
  • The Glo-Djigbé Industrial Zone, a flagship industrial hub attracting multinational investors;
  • A nationwide shift to digital administration to improve efficiency.

Strengthening ties with South Korea

Brunet expressed optimism about deepening cooperation with South Korea in investment, industrial development, and cultural exchanges. “Both our nations have transformed through discipline and reform. We share a common story of progress.”

She also highlighted Bénin’s efforts to reclaim cultural heritage, including the 2021 repatriation of 26 looted artifacts from France and plans to showcase them in Séoul through a traveling exhibition.

Diplomatic milestones and future outlook

This year’s forum marked a significant step forward from the 2024 Korea-Africa Summit, shifting from declarations to actionable projects. Brunet’s visit to South Korea was her first official trip since assuming office, reflecting Bénin’s commitment to fostering international partnerships.