Cameroon has investment and/or commercial agreements with the European Union, Canada, China, Japan, Russia, South Korea, Turkey, the United Kingdom, and the United States. Cameroon ratified the Africa Continental Free Trade Agreement in 2020. A Bilateral Investment Treaty (BIT) between Cameroon and the United States entered into force in 1989. The BIT renews automatically under the terms of the treaty every 10 years. Companies must obtain a Foreign Government Approval (FGA) letter from the Cameroonian government if they wish to invest in Cameroon. In 2009, the government signed an interim Economic Partnership Agreement (EPA) with the EU in order to secure duty-free, quota-free access to the European market in exchange for the gradual removal of duties and quotas for European goods entering Cameroon. The EU EPA went into force in 2014. Cameroon signed an EPA with the United Kingdom in 2021 to mirror provisions of the EU EPA following the United Kingdom’s exit from the European Union. Cameroon lost its Africa Growth and Opportunity Act (AGOA) eligibility in 2020 due to gross violations of internationally recognized human rights.
Trade Agreements
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