Competition: “Made in China” Overwhelm Local Products
This was revealed in a study carried out by the National Institute of Statistics.
(Cameroon Tribune) It has been revealed in the 2017 edition of an annual study carried
out by the National Institute of Statistics (NIS), that Chinese-made
products are threatening the survival of locally manufactured goods and
by extension putting the sustainability of local companies at risk. This
year’s study focused competition and the growth of online marketing
nationwide.
The findings by the NIS show that Law No. 90/031 of 19 August 1990, amended by Law No. 2015/018 of 21 December 2015 that regulates business activities and competition in enterprises in Cameroon, is yet to fully protect local companies from economic giants from Asia, particularly China, and the European Union.
The study further reveals that competition was the main feature of the national productive fabric in 2017 with 85.5% of actors in the formal sector expressing concerns over the issue.
According to statistics gathered by the institution, competition is observed more specifically among private enterprises and Limited Liability Companies where all the businesses surveyed disclosed that they are facing stiff competition. Conversely, only 2/3 of public enterprises are in competition.
Competition is more severe in a number of sub-sectors of activity, particularly the textile industry, as well as hotels and restaurants.
Talking of competition with China, 25 per cent of local manufacturers told the NIS researchers that they consider competition with products from the Asian country as particularly harsh and the main threat to goods made in Cameroon.
According to 20.5 per cent of the sampled group of companies, the second significant competition they face is with other local companies.
“Products from the European Union are the third most important threat” the report noted, also revealing that 12.2 per cent of Cameroonian enterprises are troubled by threats from EU products.
Meanwhile, the study equally revealed that the ever-growing innovations in the information and communication technology is providing new opportunities for local companies, easing transactions between enterprises and their external partners.
(Cameroon Tribune) It has been revealed in the 2017 edition of an annual study carried
out by the National Institute of Statistics (NIS), that Chinese-made
products are threatening the survival of locally manufactured goods and
by extension putting the sustainability of local companies at risk. This
year’s study focused competition and the growth of online marketingnationwide.
The findings by the NIS show that Law No. 90/031 of 19 August 1990, amended by Law No. 2015/018 of 21 December 2015 that regulates business activities and competition in enterprises in Cameroon, is yet to fully protect local companies from economic giants from Asia, particularly China, and the European Union.
The study further reveals that competition was the main feature of the national productive fabric in 2017 with 85.5% of actors in the formal sector expressing concerns over the issue.
According to statistics gathered by the institution, competition is observed more specifically among private enterprises and Limited Liability Companies where all the businesses surveyed disclosed that they are facing stiff competition. Conversely, only 2/3 of public enterprises are in competition.
Competition is more severe in a number of sub-sectors of activity, particularly the textile industry, as well as hotels and restaurants.
Talking of competition with China, 25 per cent of local manufacturers told the NIS researchers that they consider competition with products from the Asian country as particularly harsh and the main threat to goods made in Cameroon.
According to 20.5 per cent of the sampled group of companies, the second significant competition they face is with other local companies.
“Products from the European Union are the third most important threat” the report noted, also revealing that 12.2 per cent of Cameroonian enterprises are troubled by threats from EU products.
Meanwhile, the study equally revealed that the ever-growing innovations in the information and communication technology is providing new opportunities for local companies, easing transactions between enterprises and their external partners.
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