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Cameroon – Public management: In 10 months, Cameroon-EU EPAs have lost CFAF 600 million in customs revenue

Cameroon-EU EPAs
Written by Deckson N.

Since the entry into force of the Economic Partnership Agreements (EPAs) between Cameroon and the countries of the European Union, on 4 August 2016, Cameroon customs registered a shortfall of a total of 600 million francs FCfa, it was learned during the customs-business forum, which has just been held in Douala, the economic capital of the country.

These figures are rather reassuring for the customs administration and all the authorities of Cameroon, since the initial projections put these revenue losses at about 15 billion CFA francs for the first year of the EPAs’ entry into force.

On August 4, 2017, this bilateral agreement, which aims to set up a free trade area between Cameroon and the European Union, by the year 2023, will enter its second phase, with even more tariff dismantling. The products concerned by this phase are essentially equipment intended for production units.

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Deckson N.

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