Trade liberalization is an essential prerequisite for economic development, and the African Continental Free Trade Area will not only boost intra-African trade, but it will also equally create the foundations for sustainable economic development, regional integration, and a faster pace of industrialization (Ndung’u and Signé 2020).
This policy brief examines the nature of Cameroon and Nigeria's trade whilst illustrating the benefits of free trade on living standards, employment, and income inequality. It recommends that Cameroon and Nigeria cooperate on trade facilitation measures to increase the benefits of the African Continental Free Trade Area.
Free Trade as a Catalyst to the Fourth Industrial Revolution Technologies in Cameroon’s Manufacturing Sector
Free trade will increase competition in the Cameroonian market as lower trade barriers will increase the flows of goods and services into Cameroon. Admittedly, local manufacturers will innovate their processes in order to protect their market share and reduce the impact of foreign competition.
According to the World Bank (2020), The Paying Taxes indicator of the Doing Business Report records the taxes and mandatory contributions that a medium-size company must pay in a given year as well as measures of the administrative burden of paying taxes and contributions and complying with post-filing procedures.
For countries like Cameroon, the U.S. government provides health assistance to Cameroon through the Emergency Plan for Aids Relief, the Global Health Security Agenda,