Economic and Monetary Community of Central Africa
Analysts and businesspeople in the six-member Central African Economic and Monetary Community say that although the African Continental Free Trade Area brings hope for pan African trade, they are not sure CEMAC will be fully implemented anytime soon.
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.
Yvonne Takang has been campaigning and lobbying against Economic Partnership Agreements in Cameroon at the Association Citoyenne de Défense des Intérêts Collectifs
The EU has been pressuring the ACP countries (Africa, Caribbean and Pacific) to sign and implement EPAs that would be destructive for these countries.
The CEMAC ministers decided not to adhere to the stage Agreement as is, and to continue negotiating for a complete regional EPA.
This paper assesses the CEMAC customs duty losses on its imports from the EU-28 minus the United Kingdom after the Brexit on the basis of EU28-UK exports in 2015 and of the liberalization programming provided for by the EPA.
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.
Central African States have reaffirmed their commitment to accelerate the negotiations for an Economic Partnership Agreement (EPA) with the European Union (EU).
ECDPM has released a ‘Frequently asked questions’ guide to the economic partnership agreements (EPAs) between the EU and Africa.
A split has erupted among big economic operators in Cameroon as to whether or not government should respect the dateline of December 31, 2007, to sign the free trade Economic Partnership Accord between the European Union, EU, and some African, Caribbean and Pacific, ACP, countries.
Prospects for an Economic Partnership Agreement between the EU and eight Central African countries became even more uncertain on 29 October, when Central African ministers pulled back from signing a deal, saying too much work still needed to be done in terms of negotiating specific trade concessions and related development aid.
On Monday 16 July 2007, EU and CEMAC Negotiators met in Yaounde to advance on the EPA negotiations. On the sideline of the meeting was a public manifestation by CSOs of the region to rise public awareness and especially that of the EU Negotiators on the likely impacts on EPAs on the development prospects of the region.
"These are not free trade agreements in the way anyone understand them. They are development tools, trade and Aid working together to deliver sustainable growth"
Peter Mandelson, EU Trade Commissioner. The above is one of the high profiled empty speeches, characteristic feature of EU trade diplomacy. When Mandelson made the above speech, I came to the conclusion that I have witnessed the highest degree of hypocrisy since I came into this planet earth.
Four of the six member states of CEMAC — Cameroon, Chad, the Central African Republic and Congo Brazzaville — this weekend decided to fast-track plans to establish a regional free trade zone.