On February 14, 2018, seventeen companies operating in Cameroon received certificates which allow them to export 174 products within CEMAC without paying customs duties. These certificates were delivered by Cameroon’s ministry of commerce because those companies were declared eligible to CEMAC’s preferential tariff regime.
At the ministry of commerce, it is said that in the last four years, 568 products manufactured by 71 companies operating in the country were eligible for this regime which grants access to this market of 45 million consumers. Let’s note that to be eligible for this regime, companies must respect a certain quota during their industrial production. For instance, the product manufactured must be made with at least 40% of local raw materials. This requirement, coupled with the opportunity that the preferential regime represents for companies operating within CEMAC, explains the race for local raw materials observed with some large companies operating in Cameroon.
A plea from Cameroon Concord........
Thank you for reading our magazine, we have a plea to ask you our readers. Over the last two years, hits on our articles have been climbing, we have had an increase in clicks and also a broader reading audience on our social media channels.Our readers have been writing to us requestion for news updates from Cameroon/Southern Cameroons. We have as well been trying to give you the best we can, however, we are short of finances to recruit reporters to carry on independent and investigative journalism which takes a lot of time, money and hard work to produce. We are therefore pleading on you to support our efforts for this platform to be able to keep up the good work we are doing.
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