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Essay / Analysis of the Rwanda Genocide - 654
The 1994 genocide caused a huge setback in Rwanda's economy, which relies mainly on agricultural production as the country has few natural resources. Yet today, Rwanda continues to make progress in getting its economy back on track through trade deals, investment relationships and the privatization of agricultural land. These farms are responsible for the production of Rwanda's two main export products: coffee and tea. Coffee and tea constitute 70-80% of its commercial revenue in the international market. With an average coffee production of just under 15,000,000 tonnes and tea production of 15,000 tonnes, Rwanda received revenues of $20 million (US). Although this steady growth is mainly due to the export of coffee and tea, Rwanda's other exports - coltan, cassarite, iron ore, tin and animal hides - have contributed to its economic recovery. Over the past five years, Rwanda's total exports generated nearly $215 million (US). These revenues are based on the international market, with most of Rwanda's exports going to Brazil, Pakistan, China, Spain, Thailand, Belgium, Germany and the United States. On the other hand, Rwanda imports much more than it exports. Its main imported products include various foods, textiles, motor vehicles, steel, petroleum products, cement/construction materials, as well as machinery and equipment. The cost of these imports averages $790 million (US) paid to France, Israel, China, Tanzania, Uganda, Belgium, Kenya and Germany. Not only is the Rwandan government continuing its attempt at economic recovery, but it also continues to struggle with urbanization. Rwanda has the lowest growth rate in Africa. Nowadays, the majority of its population [approx. 90%] are made up of rural farmers while the rest of Rwanda...... middle of document ......Pport Instrument (PSI). In summary, although landlocked Rwanda has made many positive economic strides by relying not only on global but regional trade, to align its fiscal, trade and immigration policies. Rwanda is also a member of three regional trade organizations. In January 2012, the Bilateral Investment Treaty (BIT) between the United States and Rwanda entered into force. The United States-Rwanda Trade and Investment Framework Agreement (TIFA). USTR's Africa office is at the forefront of U.S. efforts to establish a new trade and investment partnership with the East African Community. August 12, 2013 – USTR Froman announced new efforts to strengthen ties with the East African Community under President Obama's Trade Africa Initiative. These types of treaties, investment relations and trade agreements will further contribute to the development of Rwanda's economy..