AFRICAN CONTINENTAL FREE TRADE AREA: Cameroon selected for experimental phase

• Posted on 2022-08-08

The Republic of Cameroon, alongside six other countries have been selected to lead the trial phase of the African Continental Free Trade Area (AfCFTA) which seeks to ensure the unrestricted movement of goods and services in the continent. Tanzania, Tunisia, Kenya, Egypt, Mauritius and Ghana are the other countries that will alongside Cameroon champion the experimental phase of the initiative. The information was announced during the ninth meeting of the AfCFTA Council of Ministers that held in... Read more

EURO FALLS TO PARITY AGAINST THE DOLLAR: IMPACT ON CAMEROON'S FOREIGN TRADE OPERATIONS

• Posted on 2022-07-25

The depreciation of the Euro against the US dollar has had several consequences on Cameroon's foreign trade operations conducted using the CFA franc. The fact that the CFA franc is pegged to the value of the euro has brought down the prices of some Cameroonian products denominated in CFA francs and intended for export. This is particularly true of manufactured goods and agro-food products.

From another angle, this situation can be a great advantage for exporters... Read more

IMPLEMENTATION OF THE IMPORT SUBSTITUTION MEASURE

• Posted on 2022-06-24

On 14 June 2022, the Prime Minister and Head of Government, Dr Joseph Dion Ngute, addressed members of parliament at the National Assembly. It was an opportunity for him to respond to concerns raised by parliamentarians on issues of general interest, such as the implementation of the national policy on import substitution. The Prime Minister, in his response, outlined the main business strategy adopted by government to promote products "Made in Cameroon".

Further into his speech,... Read more

EVOLUTION OF INTRA-AFRICAN TRADE

• Posted on 2022-06-24

The 29th edition of the Afreximbank Annual Meeting which took place on 17 and 18 June 2022 in New Cairo, Egypt, brought together a number of participants from across Africa and the world. The meeting revealed encouraging statistics on intra-African trade since the implementation of the African Continental Free Trade Area (AfCFTA).

On the whole, the official 2022 trade report shows significant progress with an increase of 31% in 2021 compared to 16% in 2020. A detailed... Read more