Luc Magloire MBARGA Atangana, Minister of trade, presided over the official ceremony of awarding the accreditation to the 15 recipient companies on 18 September in the conference room of the Ministry of trade.
Thanks to these approvals negotiated by the government and signed by the president-in-office of the Council of Ministers of the Economic Union of Central Africa (UEAC) at the end of the cession of the Regional Committee of Origin held in Douala in February 2020, 210 new Cameroonian industrial products in sectors as diverse as varied can be exported free of customs duties and without quantitative restrictions in the CEMAC sub-region.
So far, 50 companies for 529 Cameroonian products had already been approved in CEMAC and 36 companies had already received their approvals for 249 products for the Economic Community of Central African states (ECCAS). Today's ceremony places Cameroon as a pioneer of the sub-region in terms of approvals to the CEMAC preferential regime.
This fifth ceremony of its kind, which was attended by The Resident Representative of the Commission of the economic and Monetary Community of Central Africa (CEMAC) in Yaoundé as well as the director of the subregional Office of the United Nations Economic Commission for Africa, also sets the stage for the effective start of the African Continental Free Trade Area (AfCFTA) scheduled for January 1, 2021.
Luc Magloire MBARGA Atangana hope that as a result of these new approvals, Cameroonian companies will strengthen their actions to conquer foreign markets in order to reduce the deficit of our trade balance. It also invites companies whose vocation is to export their products to approach the National Committee for approvals of industrial products originating in CEMAC and ECCAS housed within its ministerial department.