The Cameroonian customs administration has just convened economic operators in Douala to prepare for the entry into force of the second phase of the Economic Partnership Agreements between Cameroon and the European Union on 4 August. In the long run, they aim to create a free trade area between these two trading partners by 2023.
This phase of the EPAs will be characterized by an increase in the level of tariff dismantling on products of the 1st group, mainly consumption by households. Their customs duties will be reduced by 25%, from next August.
At the same time, this second stage will mark the start of tariff dismantling on products of the second group imported from the countries of the European Union.
Thus, equipment, machinery and tools for local production units will see their tariffs reduced by 15%, starting on 4 August 2017. Anything that will contribute to a further reduction in the customs revenue of the country, A rather difficult economic context for the Treasury.