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By Dr Adeline Nembot, Larissa Ntoubia Ngapmen, Sandrine Viesi Maingeh and Dr. Jean Cedric Kouam (Download policy brief)

“This policy brief is part of the Nkafu Policy Institute’s reflections on promoting the implementation of the African Continental Free Trade Agreement in Cameroon, thanks to the financial support of the Initiative for African Trade and Prosperity (IATP), Project ID #017.”

Introduction

Like most African countries, Cameroon, a country endowed with abundant human and natural resources, has for decades been grappling with the challenge of developing and strengthening its national value chains. Value chains refer to the sequence of activities that create value for a product or service, from the raw material to the final consumer. Indeed, Cameroon’s national value chains face numerous difficulties, including poor infrastructure, limited access to finance, lack of diversification, lack of skilled labor and corruption (1). This results to low levels of processing and value addition, leading to low export prices and high import bills. This is particularly the case for the country’s cocoa bean exports, which are processed and sold elsewhere and therefore make only a small contribution to GDP (15%) (2) Fortunately, the implementation of the African Continental Free Trade Area (AfCFTA) agreement, signed by Cameroon in 2020, appears to be a significant opportunity to accelerate its national value chains. Indeed, this agreement aims to promote intra-African trade and economic integration by eliminating tariffs on intra-African trade, facilitating the movement of goods and services, and encouraging investment. From this perspective, this article seeks to explore how Cameroon can position itself to take advantage of the opportunities presented by the implementation of the AfCFTA on its national value chains. In doing so, it will highlight to African leaders and governments, economic operators and national and multinational companies the importance of developing their manufacturing sector and achieving the target of 30% of GDP by 2030. This article presents the trade and economic profile of Cameroon in Section 2, the role of the AfCFTA in promoting Cameroon’s value chains in Section 3, and the conclusion in Section 4.