{"id":469447,"date":"2020-12-31T12:50:48","date_gmt":"2020-12-31T11:50:48","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=469447"},"modified":"2020-12-31T12:50:48","modified_gmt":"2020-12-31T11:50:48","slug":"cameroon-european-union-agreements-and-disagreements-around-a-partnership","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/12\/31\/cameroon-european-union-agreements-and-disagreements-around-a-partnership\/","title":{"rendered":"Cameroon-European Union: agreements and disagreements around a partnership"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Beyond bombastic diplomatic language, the unexpected onset of the Covid-19 health crisis is just the hidden face of a tumultuous relationship that resulted in the suspension of the Economic Partnership Agreements (EPAs).<\/p>\n<p>Six years after the signing of the Economic Partnership Agreements between the European Union (EU) and Cameroon, the skies have often been cloudy between the two partners regardless of the fact that diplomacy has always been in charge of smoothing the angles. The machine has really seized up in the light of the 5th phase of the EPAs which should have entered into force on August 4, 2020. An extension at the request of Cameroon which was based on article 31 of the Agreement which provides for suspension possibilities.<\/p>\n<p>Despite this valid reason linked to the Coronavirus pandemic which is seriously impacting economic activities, the EU protested strongly not only because there were stumbling blocks on &#8220;the accompanying measures to promote an increase quantitative and qualitative goods and services produced and exported by Cameroon \u201dbut also because\u201c this request has reached us in coincidence with the letter from the government which informed us of the temporary suspension of the implementation of the EPA \u201d, specifies the EU.<\/p>\n<p>In other words, the European Union considers that Cameroon is using the Covid-19 as a pretext to undermine the implementation of the EPAs, the 4th phase of which should end on August 3, 2020. Pushed into these last entrenchments, Cameroon invoked Article 57 of the 1969 Vienna Convention on International Treaties, relating to cases of force majeure. On the basis of this provision, a contracting party may partially or totally suspend the application of an Agreement.<\/p>\n<p>Cameroon, of which the European Union is the first economic partner, was almost forced to suspend this agreement, given that the extra-community barriers have been closed since last March due to Covid-19. Moreover, the EU is both the country\u2019s leading partner for imports (35%) and for its exports (46%). In 2019, Cameroonian exports to the European Union amounted to 1400 billion FCFA while imports peaked at 1000 billion FCFA.<\/p>\n<p>According to sources, the dismantling of customs barriers under the EPAs should resume on January 1, 2021. Despite these upheavals, &#8220;the Cameroon-European Union relationship remains cordial,&#8221; observers say. Last July, the Cameroonian government presented a support plan estimated at 607.63 million euros (398.6 billion FCFA), aimed in particular at improving the business environment, promoting integration and the implementation of the EPA.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Beyond bombastic diplomatic language, the unexpected onset of the Covid-19 health crisis is just the hidden face of a tumultuous relationship that resulted in the suspension of the Economic Partnership Agreements (EPAs). Six years after the signing of the Economic Partnership Agreements between the European Union (EU) and Cameroon, the skies have often been cloudy<\/p>\n","protected":false},"author":536755,"featured_media":469448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12046],"tags":[12599,1072,15082],"class_list":{"0":"post-469447","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-leaders-en","8":"tag-cameroon-en","9":"tag-european-union","10":"tag-partnership","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cameroon-European Union: agreements and disagreements around a partnership - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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