Ghana and six other countries have started trading goods and services under the African
Continental Free Trade Area (AfCFTA).
“Actual trading is starting between Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, Tunisia and Ghana. In the coming weeks, the dream of our forebears will be off the ground, and historic as the moment may be.”
Seven countries, including Rwanda, Cameroun, Egypt, Ghana, Kenya, Mauritius and Tanzania have been selected among countries to start trading under the African Continental Free Trade Area (AfCFTA) framework in a pilot phase.
Cooperation ties between Cameroon and India have witnessed a great bolster within the past two years.
At the opening ceremony of the Beijing Summit of the Forum on China-Africa Cooperation held in September 2018, Chinese President proposed that China would launch eight major initiatives in close collaboration with African countries.
Some deputies did not approve the signing of the bilateral agreement between Cameroon and the UK.
The United Kingdom has signed an Economic Partnership Agreement with Cameroon.
The United Kingdom and Cameroon have today secured an Economic Partnership Agreement (EPA) that ensures mutual continuity of trade.
Despite the European Union’s (EU) protests, Cameroon will maintain the suspension of tariff dismantling planned by the Economic Partnership Agreement (EPA) that binds it to EU countries.
France is the first of four main suppliers for products imported to Cameroon under the economic partnership agreement with the European Union.
The validation of a report on the trade impact of the bilateral Economic Partnership Agreement (EPA) between Cameroon and the United Kingdom is the first step before the actual start of negotiations.
The EU threatens now and again to force Cameroon to open its markets, given its status as a signatory to the Economic Partnership Agreement.
Depuis la ratification par le Cameroun, le 22 juillet 2014 de l’accord de partenariat économique avec l’Union Européenne les petites et moyennes entreprises camerounaises sont menacées par le spectre de déflagration.
Though government overlooks at the 600 million lose, economists say it is not healthy for the country’s economy which is dangling at the moment and hope to emerge by 2035.
Yvonne Takang has been campaigning and lobbying against Economic Partnership Agreements in Cameroon at the Association Citoyenne de Défense des Intérêts Collectifs
Many in Cameroon and the wider region worry that the unilateral signing of an Economic Partnership Agreement was a bad decision.
Cameroon’s government said it has begun implementing an interim economic pact with the European Union that will lead to the reciprocal reduction of trade barriers.
Liberalising its market at 80 per cent to the European market might be harzardous if the country is not prepared to face stiff competition that is expected to come with the implementation of the Economic Partnership Agreement, EPA.
The opportunities that these agreements offer to Cameroon cannot counteract the threats of a loss in customs revenue, the risk of weakening the integration process and increased competition from EU products, experts say.
The EU-Central Africa Economic Partnership Agreement (EPA) for trade and development between the EU and Cameroon will enter into force in the coming days following the recent ratification of the agreement by Cameroon.