Trade and Business in Cameroon, Douala

1. To analyze the Cameroonian Economy and Foreign Trade (Import, Export, FDI);
2. To know the business opportunities in the Republic of Cameroon;
3. To explore the Cameroonian trade relations with the country of the student;
4. To know the Cameroonian Trade Agreements;
5. To examine the profile of the Cameroonian Companies;
6. To develop a business plan for the Cameroonian Market.

The Subject “Foreign Trade and Business in Cameroon” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, World Trade.

Diploma: Business in Central Africa.

Masters (MIB): Business in Africa, International Business, Foreign Trade.

Learning materials in or Cameroun Camarões Camerún.

1. Credits of the subject “Foreign Trade and Business in Cameroon”: 2 ;
2. Duration: two weeks.

1. Port of Douala;
2. Trans-African Corridors related to Cameroon:
   1. Tripoli-Windhoek Corridor;
   2. Trans-Sahelian Highway;
   3. Lagos-Mombasa Corridor.

Cameroonian Preferential Access and Free Trade Agreements:

1. Cameroon and the Central African Economic Area;
2. Central African Economic and Monetary Community (CEMAC);
3. Economic Community of Central African States (ECCAS);
4. African Continental Free-Trade Area (AfCFTA);
5. African Growth and Opportunity Act (AGOA);
6. Trade Agreements with Egypt, South Africa, Switzerland, China, Russia, India;
7. Africa-European Union Strategic Partnership (Cotonou Agreement);
8. Niger Basin Authority;
9. Organization for the Harmonization of Business Law in Africa (OHADA);
10. Global System of Trade Preferences among Developing Countries (GSTP);
11. United Kingdom-Cameroon Free Trade Agreement (FTA).

Sample:

Trade Facilitation Programs

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO);
6. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
7. Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (Rotterdam Rules, UN).

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption (not signed);
   2. African Union Development Agency (AUDA-NEPAD).
3. African Development Bank (AfDB);
4. Africa-Asia Strategic Partnership (NAASP);
5. Forum on China-Africa Cooperation;
6. Africa-India Framework for Cooperation;
7. Africa-BRICS (Brazil, Russia, India, China, South Africa);
8. Africa-Turkey Partnership;
9. Africa-Korea Partnership;
10. Africa-Japan Cooperation (TICAD);
11. Africa-South America Summit (ASA).

Islamic Organizations:

1. Islamic Development Bank (IsDB);
2. Organization of Islamic Cooperation (OIC);
3. Afro-Arab Cooperation;
4. Arab Bank for Economic Development in Africa (BADEA).

Global Organizations:

1. Commonwealth (since November 1995);
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. World Trade Organization (WTO);
5. International Monetary Fund (IMF).

The Republic of Cameroon is situated in Central Africa, sharing borders with Chad, the Central African Republic, Congo, Gabon, Equatorial Guinea, and Nigeria.

1. The Republic of Cameroon has an area of 475,440 square kilometers and a population of 24 million people
   1. Bantu;
   2. Fula.
2. Cameroonian Languages: French (80% of the Cameroonian population) and English (20%);
3. Cameroonian Independence: 1960 (France);
4. Cameroonian Capital: Yaoundé (2.5 million people);
5. Douala is the largest city: 3 million people, Port of Douala;
6. Largest cities: Yaoundé, Douala, Bafoussam, Garoua, Ngaoundéré, Bamenda, and Marua.

More information about Cameroon (EENI African Business Portal).

Main religion in Cameroon.

1. African Traditional Religions;
2. Christianity
   1. Catholicism (4 million);
   2. Protestants (3 million, 27% of the Cameroonian population).
3. Islam (mainly in Northern regions).

Cameroon belongs to the Central African Economic Area (African Civilization).

Cameroonian Economy:

1. The Cameroonian economy is based on the primary sector (42% of the gross domestic product);
2. Main revenue sources of Cameroon: agriculture, livestock, fisheries, forestry, mining, and industry;
3. Fighting against corruption and poverty is a preference for the Government of the Republic of Cameroon;
4. The Cameroonian agriculture is the main sector of the Republic of Cameroon, employs 70% of the workforce and contributes 42% to the gross domestic product formation of Cameroon;
5. Main cash crops of Cameroon: cocoa, coffee, cotton, bananas, rubber, potato, and pepper;
6. Cameroonian GDP growth: 5%
   - Tertiary sector (47.8% of the GDP)
   - Primary sector (22.5%)
   - Secondary sector (29.7%);
7. Cameroon represents 40% of the CEMAC GDP and 39% of the total CEMAC exports;
8. Cameroonian Inflation: 2,3%;
9. Most dynamic economic sectors in Cameroon: trade, construction, agriculture, manufacturing, and extractive industries (petrol and gas);
10. Cameroonian currency: CFA FRANC;
11. The objective of the National Investment Corporation of Cameroon is to mobilise and focus on national savings.

The Republic of Cameroon has four independent ports. The Autonomous Port of Douala represents 95% of Shipping freight and international trade of Cameroon.

The telecommunications sector develops very quickly in the Republic of Cameroon. The Cameroon Telecommunications is a public company owned 100% by the State of Cameroon. Created in 1998, Cameroon Telecommunications (CAMTEL) is strongly implicated in the development and modernization of telecommunications markets in Cameroon. CAMTEL just signed an agreement with a Chinese company.

Brasseries du Cameroon (Cameroon breweries) is a food processing company specialising in soft drinks manufacture and distribution. The company is the leading industry in Cameroon. Created in Douala (Cameroon) in 1948, became an affiliated company of the Castel Group in 1990.

Sample:

(c) EENI Global Business School (1995-2022)
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