ISDS Case Map
Cameroon
The EU-Central Africa Economic Partnership Agreement (EPA) for trade and development between the EU and Cameroon will enter into force in the coming days following the recent ratification of the agreement by Cameroon.
Cameroon will soon ratify the Economic Partnership Agreement (EPA) that it signed in 2009 with the European Union, despite reservations among regional African countries over the bloc's alleged attempt to keep its dominance on its African partners.
Citing concerns over development and integration in Central Africa, GUE/NGL MEPs today voted against the ratification of an interim Economic Partnership Agreement (EPA) with Cameroon in Brussels.
The European Parliament is now applying more pressure and has announced that if Cameroon and other sub-Saharan African countries do not sign by early 2014 that they will allow the EU free access to their markets, they will lose all trade benefits.
On March 4, 2013, the Minister of International Trade of Canada announced the conclusion of the negotiations of Bilateral Investment Treaties with Cameroon and Zambia -- home of iron ore, copper and other mineral deposits.
The money, granted in the context of Cameroon having signed an interim EPA with the EU, will be shared out to "major producing firms with plans to boost output".
The European Union's only directly elected body is demanding that a new trade deal between the bloc and Cameroon should not be applied to other countries in central Africa.
The European Union and Cameroon signed a "stepping stone" economic partnership agreement (EPA) trade deal on Thursday pending a broader regional accord with central African states.
In what looks like crying over spilt milk, Cameroon's economic experts are spending sleepless nights seriously reflecting on the budgetary impact of the economic partnership agreement, EPA signed with the European Commission last December.
Experts have qualified the economic partnership agreement Cameroon signed with the European Union on December 17, 2007 as a veritable jinx that would inflict a heavy decline on customs revenue.
