Cameroon’s parliament approves ratification of the AfCFTA agreement

Cameroon’s parliament has passed a bill authorizing President Biya to ratify the African Continental Free Trade Area (AfCFTA) agreement.

It would be recalled that during the visit of the Executive Secretary of the UNECA Vera Songwe to Cameroon, in April 2019, she urged Cameroonian authorities to ratify the agreement they were among the first to sign in Kigali (March 21, 2018).

Presented as an appropriate opportunity to save economies and limit the impact of the drop in the prices of commodities produced in Central Africa, the continental free trade area is a market of 1.2 billion individuals. Its GDP is estimated at $2,500 billion, provided all the 55 member states of the African Union join it.