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.
Cameroon will soon ratify the Economic Partnership Agreement (EPA) that it signed in 2009 with the European Union, despite reservations among regional African countries over the bloc’s alleged attempt to keep its dominance on its African partners.
Citing concerns over development and integration in Central Africa, GUE/NGL MEPs today voted against the ratification of an interim Economic Partnership Agreement (EPA) with Cameroon in Brussels.
The European Parliament is now applying more pressure and has announced that if Cameroon and other sub-Saharan African countries do not sign by early 2014 that they will allow the EU free access to their markets, they will lose all trade benefits.
On March 4, 2013, the Minister of International Trade of Canada announced the conclusion of the negotiations of Bilateral Investment Treaties with Cameroon and Zambia — home of iron ore, copper and other mineral deposits.
The money, granted in the context of Cameroon having signed an interim EPA with the EU, will be shared out to "major producing firms with plans to boost output".
The European Union’s only directly elected body is demanding that a new trade deal between the bloc and Cameroon should not be applied to other countries in central Africa.
The European Union and Cameroon signed a "stepping stone" economic partnership agreement (EPA) trade deal on Thursday pending a broader regional accord with central African states.