(Business in Cameroon) - Estimated to be 75 billion FCFA in 2013, trade between Cameroon and Turkey, in 2014, is already estimated to be 86.5 billion FCFA, increasing by 11 billion FCFA in less than a year. This was revealed at a B to B meeting between Turkish and Cameroonian businessmen in Douala on September 9, 2014.
However, the trade balance currently presents a significant deficit for Cameroon which has so far exported only 25.4 billion FCFA to Turkey while the latter, the 15th largest economy in Europe, exported 61 billion FCFA to Cameroon.
As a result of the recent economic cooperation between the two countries, particularly with the economic mission led by Cameroon’s Head of State, Paul Biya, to Ankara in March 2013, Turkey and Cameroon hope to achieve 250 billion FCFA in trade by 2015.