Brexit could damage Cameroon's banana trade with the United Kingdom

The newspaper L'Anecdote highlighted the problems the banana industry could face following Brexit. The sector will be heavily penalised in exports because of the erosion of market preferences through the application of most-favoured-nation tariffs (MFN) or the generalised system of preference (GSP) when entering the market.

If there was no Economic Partnership Agreement (EPA) between Cameroon and the United Kingdom in the event of Brexit, "Cameroon's banana exports to the United Kingdom will decrease by 43%," the newspaper explains.

Similarly, the newspaper points out that this will be very expensive for Cameroon "because the contribution of Bananas to this total is 36%. Similarly, for the whole banana sector, the loss is also high given that 13% of exports are usually reserved for the United Kingdom only.

Bananas represent 99.85% of Cameroon's exports. It is the leading banana producing country in the African, Caribbean and Pacific region. It exports 300,000 tonnes of bananas to the European Union.

Source: cameroon-info.net


Publication date:


Print   

Receive the daily newsletter in your email for free | Click here


Other news in this sector:


© FreshPlaza.com 2019

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber