(Business in Cameroon) - Since the Economic Partnership Agreements (EPA) between Cameroon and the European Union countries came into force, on 4 August 2016, the Cameroonian Customs have registered a shortfall in income totalling FCfa 600 million, we learned during the customs-enterprises forum, which recently took place in the economic capital of the country.

These figures are rather encouraging for the customs administration and the Cameroonian public authorities in general, as initial projections had this loss in income at approximately FCfa 15 billion for the first year of application of the EPA. On 4 August 2017, this bilateral agreement, meant to establish a free trade zone between Cameroon and the European Union by 2023, will enter its second phase, with even more important tariff dismantling. The products concerned by this phase are essentially equipment for production units.

BRM