Cameroon lays the groundwork for implementing the AfCFTA
Cameroon is in the process of developing its national African Continental Free Trade Area (AfCFTA) Strategy through an awareness and information sharing workshop jointly organized by the Cameroonian Government and the UN Economic Commission for Africa. Issues relating to Cameroon's current state of preparedness for the entry into force of the AfCFTA as well as possible spinoffs and fallouts for the sub region, particularly with regard to the effective harmonization of ECCAS and CEMAC preferential tariffs will be specifically addressed. Cameroon's preparation for the second round of the AfCFTA negotiations will also be at the heart of the exchanges, with particular emphasis on competition issues, intellectual property and investment. African countries party to the AfCFTA Agreement, commit to eliminate tariffs on 90% of the goods they produce destined for other African markets. In this context, intra-African trade is likely to increase by 52.3% by 2020 and attract to Cameroon, a large flow of investments and opportunities, especially for certain products such as coffee, tea, banana, pepper, refined oils, soap, brewery products, cement, as well as other manufactured and semi-finished goods.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2019
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| Online Access: | https://hdl.handle.net/10855/43863 |
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