Time for Cameroon to scale-up local manufacturing in readiness for AfCFTA
Cameroon’s Minister of Trade concurred with officials of the sub-regional Office for Central Africa of the UN Economic Commission for Africa (ECA), that COVID-19 has offered countries of the sub-region the opportunity to re-appropriate the structure of their economies by first ramping up local manufacturing of domestically consumed products and taking advantage of the forthcoming African common market to sell to wider targets. Mr. Pedro was meeting with the Minister to review Cameroon’s readiness for the African Continental Free Trade Area (AfCFTA) following the formulation of a draft national strategy, supported by ECA. “ECA is quite ready to use tools such as the Trade Decision Support Model (DSM) and undertake product-space analysis with the view to determining market/export opportunities for Cameroon products as well as evaluating the specific segments of 1/3 regional and global value chains in which the country would have the highest chances of succeeding,” Mr. Pedro said. These are some of the practical steps in determining where efforts at trade-induced manufacturing, based on Cameroon’s comparative advantages, should be placed,” he added. Experts of the Ministry of Trade indicated that in addition to such analytical support, Cameroon would require ECA’s technical assistance on many other fronts as it engages in the second phase of AfCFTA negotiations. These include building the capacity of the national AfCFTA implementation committee being constituted, organizing further stakeholder mobilization for a on the continent’s common market agenda and building a platform for data collection and analysis on non-tariff barriers to free trade in Central Africa.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2020-06
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| Online Access: | https://hdl.handle.net/10855/46328 |
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