Cameroon & UK exchange diplomatic notes on Economic Partnership Agreement

Earlier this week, External Relations Minister, Mbella Mbella and the British High Commissioner to Cameroon, Dr. Christian Dennys-McClure exchanged diplomatic notes to extend the Economic Partnership Agreement between the UK and Cameroon.

The exchange of these official documents gives a fresh impetus to trade talks between the two countries.  On April 16, the president of Cameroon promulgated into law the ratification of Ordinance No 2021/1 of January 19, 2021 to extend the effects of the Cameroon-European Union Economic Partnership Agreement to the United Kingdom of Great and Northern Ireland. According to the legal instrument, trade deals will continue on a bilateral basis hitch-free despite Britain's exit from the European Union.

In 2019, statistics showed that trade between Cameroon and Britain was worth £200 million (approximately FCFA 153 billion) with the UK's market during the same period accounting for 12 per cent of banana exports from Cameroon.

Broad-base partnerships exist between Cameroon and the United Kingdom with several British companies present in Cameroon and contributing to improving market competitiveness. Besides trade deals, the dual countries partner in other domains like education, health, science, good governance and women's empowerment.

Source: allafrica.com

Photo source: Dreamstime.com


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