Business / Trade in Cameroon
-
BOTSWANA, 2017/07/14
Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential.
Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration.
Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
-
BOTSWANA, 2017/06/24
Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%.
However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations.
Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
-
BOTSWANA, 2017/06/15
Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU.
Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers.
Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
-
BOTSWANA, 2016/05/13
The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
-
ITALY, 2015/09/13
Mistrust has emerged part the East African Community partner states over Tanzania's commitment to the Economic Partnership Agreement that would give the region's goods business-free access to European markets.
Tanzania is likely to delay the signing and ratification of the EPA document on the grounds that it was rushed through. Dar es Salaam has threatened not to sign the transaction before its concerns on contentious issues are addressed. The region has until December 31 to sign the transaction with the European Union or go back to the negotiating table.
-
BENIN, 2015/07/29
Nigerian President Muhammadu Buhari begins a two-day high level official visit to Cameroon Wednesday, officials confirmed.
President Buhari will later visit Benin in pursuit of his consolidation of strategies to defeat insurgents in Nigeria's northeast.
The Nigerian leader will hold bilateral security talks in Cameroon and again attend ceremonies to mark the National Day of Benin, the Abuja presidency sources confirmed on Tuesday.
-
CAMEROON, 2013/06/01
Members from the International Trade Commission of the European Parliament have approved the terms of the interim Economic Partnership Agreement (EPA) between EU and Cameroon, says a statement issued on Thursday in the Belgian capital, Brussels.
The EPA aims at the trade liberalization enabling Cameroon to open progressively 80% of its market to European products by 2023.
-
UNITED STATES, 2013/05/21
US to strengthen economic partnership with Cameroon - US Secretary of National John Kerry has expressed his country's willingness to strengthen its economic partnership with the Central African country of Cameroon
'The United States values its increasing economic partnership with Cameroon, which exceeded US$557 million in bilateral trade in 2012. We look forward to building on this momentum,' Mr. Kerry said in his congratulatory message to the African country on the occasion of its 53rd independence anniversary on Monday (20 May).
-
CAMEROON, 2013/01/01
FEICOM
The Best Partner for local develoPment
