The industrial fishing operations struggle with high costs and Senegalese tuna is rapidly losing the French market to more efficient Asian competitors. Receipts from tourism, the fourth major foreign exchange earner, have picked up since the January 1994 devaluation. Senegal has met with limited success in attracting foreign investment to hasten economic development. Under the provisions of the 1987 investment code, the approval process has been shortened. Currently, there are no restrictions on the transfer or repatriation of capital and income earned, or investment financed with convertible foreign exchange.
Assistance also is provided by Canada, Italy, Japan, Germany, and others.
Senegal has relatively good infrastructure.