
Contents
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13.1 Introduction 13.1 Introduction
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13.2 Evolution of Cameroon’s Trade 13.2 Evolution of Cameroon’s Trade
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13.3 Regional Market Integration 13.3 Regional Market Integration
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13.4 Potential Benefits of Trade Cost Reduction 13.4 Potential Benefits of Trade Cost Reduction
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13.4.1 Trade Costs Issues 13.4.1 Trade Costs Issues
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13.4.2 Time Spent at Borders and Trade Facilitation 13.4.2 Time Spent at Borders and Trade Facilitation
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13.4.3 Gains from Reducing Delays at Borders 13.4.3 Gains from Reducing Delays at Borders
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13.5 Concluding Remarks 13.5 Concluding Remarks
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13.6 Acknowledgment 13.6 Acknowledgment
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Notes Notes
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References References
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13 Cameroon: trade costs, trade facilitation, and regional integration
Get accessZakaria Sorgho, FERDI and University of Laval
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Published:26 January 2023
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Abstract
During the three past decades, Cameroon has implemented structural reforms to streamline public finance, improve the business environment, economic competitiveness, growth and development. The country counts among the top 10 in sub-Saharan Africa, and aims to be an emerging economy by 2035. Cameroon has great potential. However, there are unresolved challenges related to the governance issues and trade costs, which hinder its development and ability to attract investment and promote trade. This chapter focuses on trade-related issues, in particular the trade facilitation and Central Africa’s regional integration. It begins with a historical review of trade in Cameroon as well as policy reforms achieved by the country’s government. It then analyzes through different statistics the state of the regional integration in Central Africa. Finally, it discusses the trade costs in Cameroon (as well as trade costs within the regional economic groups to which the country belongs) before assessing the impact of implementing the Trade Facilitation Agreement on country trade costs. Results show that Cameroon can substantially reduce its trade costs by reducing time-waiting for customs procedures at its borders and play a stronger leadership role in Central Africa.
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