Cameroon-Equatorial Guinea : Fostering Trade For Regional Growth

Economic ties especially trade between Cameroon and Equatorial Guinea are positive with importation and exportation taking place within well stipulated legal terms. Collaborating forthe growth of these trade relations and the subsequent progress of the Central Africansub-region is a fundamental concern for the two brotherly countries whose bilateral relations operate on mutually beneficial agreements. To further deepen cooperation ties, the President of the Republic, Paul Biya, on September 13,2021, granted an audience to the Minister of Mines and Hydrocarbons of Equatorial Guinea,Gabriel Mbaga Obiang Lima. He was also the bearer of a sealed message from President Teodoro Obiang Nguema Mbasogo to the President of the Republic. In the course of the audience, President Paul Biya and the Minister talked on exploiting natural resources in the mines sector for the development of the two countries and the sub region affected by the Covid-19 pandemic. Fostering trade within the African free trade continental zone equally came under discussion at the Unity Palace audience.

As concerns bilateral trade, importation andexportation between Cameroon and Equatorial Guinea according to information from the customs department is smooth. Goods and services are transported by land, sea and air. Cameroon imports mainly crude petroleum, car parts and petroleum gas, and in return exports refined petroleum, broths and chocolate to Equatorial Guinea. The Minister of Mines and Hydrocarbonsof Equatorial Guinea was therefore in Camer...