Intra-regional Trade: UN Drives Effective Implementation Of Trade Policies
The Economic Commission for Africa is organising a series of
seminars on accreditation procedures to the harmonized ECCAS/CEMAC
Preferential Tariff for Central Africa.
(Cameroon Tribune) Trade between countries in the Economic Community of Central African
States (ECCAS) is worth a meagre 1.5 billion US dollars, according to
the United Nations Economic Commission for Africa (ECA).
This is the lowest rate
of trade exchanges within regional communities, which according to the institution, is a consequence of low industrialisation, insufficient infrastructure, and unfavourable tariffs, among others. Like other regional blocs in Africa, Central Africa’s regional blocs (ECCAS/CEMAC) have agreements and harmonised trade policies on free trade.
One of them is the preferential tariff grid for industries in the community, harmonised in November 2017. According to ECA, only four countries in the ECCAS/CEMAC community of 11 member States have set up national committees to screen applications and approve made-in-Central-Africa finished products qualified to benefit from the Preferential Tariff grid.
ECA is organizing a series of trainings to facilitate the creation and operation of the national committees. Those trained are administrators and representatives of the private sector in member countries.
Though Cameroon is among countries that long set up their national committees, ECA has organized one of such seminars in Yaounde. According to the Director of the ECA Sub-regional Office for Central Africa, Antonio Pedro, the workshop provides practical training on procedures for applying for accreditation and approving finished products to benefit from the harmonized preferential tariff.
Taking part in the ongoing seminar that opened on July 1, 2018 are members of the national committee and businessmen.
The Secretary General in the Ministry of Trade, who opened the seminar, said Cameroon is far advanced in domestication and implementation of regional and sub-regional instruments that facilitate free trade within and outside the ECCAS/CEMAC community, but faces difficulties trading with some member countries.
(Cameroon Tribune) Trade between countries in the Economic Community of Central African
States (ECCAS) is worth a meagre 1.5 billion US dollars, according to
the United Nations Economic Commission for Africa (ECA).This is the lowest rate
of trade exchanges within regional communities, which according to the institution, is a consequence of low industrialisation, insufficient infrastructure, and unfavourable tariffs, among others. Like other regional blocs in Africa, Central Africa’s regional blocs (ECCAS/CEMAC) have agreements and harmonised trade policies on free trade.
One of them is the preferential tariff grid for industries in the community, harmonised in November 2017. According to ECA, only four countries in the ECCAS/CEMAC community of 11 member States have set up national committees to screen applications and approve made-in-Central-Africa finished products qualified to benefit from the Preferential Tariff grid.
ECA is organizing a series of trainings to facilitate the creation and operation of the national committees. Those trained are administrators and representatives of the private sector in member countries.
Though Cameroon is among countries that long set up their national committees, ECA has organized one of such seminars in Yaounde. According to the Director of the ECA Sub-regional Office for Central Africa, Antonio Pedro, the workshop provides practical training on procedures for applying for accreditation and approving finished products to benefit from the harmonized preferential tariff.
Taking part in the ongoing seminar that opened on July 1, 2018 are members of the national committee and businessmen.
The Secretary General in the Ministry of Trade, who opened the seminar, said Cameroon is far advanced in domestication and implementation of regional and sub-regional instruments that facilitate free trade within and outside the ECCAS/CEMAC community, but faces difficulties trading with some member countries.
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