logoBC
Yaoundé - 02 June 2020 -
Public management

Cameroon: Exclusion from AGOA expected to have no major impacts on the country’s exports to the USA

Cameroon: Exclusion from AGOA expected to have no major impacts on the country’s exports to the USA
  • Comments   -   Friday, 01 November 2019 16:44

(Business in Cameroon) - As of January 2020, Cameroon will no longer be among the African countries benefiting from the AGOA, a program set up by the US government to facilitate and encourage African exports to the United States.

The US government, which notified Cameroon of its exclusion on October 31, 2019, indicates that this is due to the violation of some human rights in Cameroon. Although the official documents are not very explicit, this "sanction" is certainly related to the socio-political crisis that has been raging, since the end of 2016, in the country's two English-speaking regions, where the regular army faces English-speaking secessionists, whose acts of barbarism are regularly broadcasted on social media.

In a statement released on October 31, 2019, the U.S. Embassy in Cameroon released statistics that shed more light on the relatively marginal impact that Cameroon's exclusion from AGOA could have on trade with the country of the Uncle Sam. 

Indeed, according to the embassy, in 2018, "Cameroon exported approximately $220 million of goods and services to the United States. $63 million of these were exported under AGOA, more than 90% of them in the form of crude oil.

Clearly, these data reveal that Cameroon makes little use of the AGOA mechanism for its exports to the United States. According to the figures published by the embassy, only 28.3% of Cameroon's exports to the United States are done under the AGOA mechanism. Moreover, exports benefiting from this US facility are largely dominated by crude oil.

Let’s note that according to the National Statistics Institute (INS), in 2018, Cameroonian products were exported to about 127 countries around the world. However, the institute explained, "the top ten customers accounted for nearly 77.5% of those exports. With an acquisition of 23.9% of these exports, China is Cameroon's main customer. It is followed by Italy (14.7%), the Netherlands (9.1%) and France (6.4%)." Next comes Spain (6.3%), Belgium (3.7%), Bangladesh (3.6%), India (3.4%), Vietnam (3.3%), Malaysia (3.2%), Chad (2.8%) and the US (2.8%).

Brice R. Mbodiam

cameroon-loggers-request-50-reduction-of-customs-duties-on-processed-woods
On May 28, 2020, during an audience with the Minister of Forestry and Wildlife Jules Doret Ndongo, the president of the local wood exporters’ association...
societe-generale-chad-and-uba-gabon-join-the-list-of-cameroon-s-primary-dealers-on-the-beac-securities-market
There are now 21 banks in the CEMAC zone recruited as primary dealers by the Cameroonian government, for its fundraising operations on the public...
cameroon-the-reconstruction-of-sonara-will-cost-about-xaf250-billion-the-minee-says
On May 31, to mark the first anniversary of the fire that destroyed most of Cameroon’s National Refining Company Sonara (Société nationale de...
nexttel-vs-syntic-public-authorities-open-a-difficult-mediation-process
Since May 29, the regional delegation of the Ministry of Labour in the Littoral region has been trying to initiate mediation between Nexttel/Viettel...

Mags frontpage


Business in Cameroon n87: May 2020

Roads, dams, fiber optics, markets... Cameroon’s big projects toward integration


«Central Africa is facing enormous challenges» - AfDB


Investir au Cameroun n97 Mai 2020

Routes, barrages, fibre optique, marchés… Les grands chantiers camerounais de l’intégration


« L’Afrique centrale est confrontée à d’énormes défis » (BAD)