No Result
View All Result
  • About Us
  • Advertise
  • Careers
en English
en Englishfr Français
Support Us
Mimi Mefo Info
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
No Result
View All Result
Mimi Mefo Info
English | Français
No Result
View All Result

US concretizes economic sanctions: Cameroon’s international trade to witness major setbacks from January 1st 2020

Mimi Mefo Info by Mimi Mefo Info
December 31, 2019
Reading Time: 2 mins read
Share on FacebookShare on Twitter

The president of the United States of America has signed documents modifying articles of the African Growth and Opportunity Act (AGOA) to ensure the deleting of the name of the Republic of Cameroon from the list of beneficiary sub Saharan African countries.

Donald Trump made the modification on December 26th 2019.
This comes over a month after the US senate approved the removal of Cameroon on the list of sub Saharan African countries benefiting from preferential trade with US.

The sanction takes effect from Wednesday 1st January 2020.
According to Donald Trump, “In respect to section 506A (a)(3) of the Trade Act, Cameroon is not making progress in meeting the requirements describe in section 506(a)(1) of the trade act.”.

This justifies the removal of Cameroon on the list of beneficiaries meaning trade between Cameroon and US from the 1st of January will not involve any preferential treatment as before.
Cameroon following the US decision withdrawing the country from the list of AGOA countries will henceforth lose the sum of 200 billion dollars annually.

According to Nyulsever Killian; an economist and management consultant, Cameroon’s macro economy will be affected as the decision of US has a great impact on international trade.
At the micro level, Nyulsever Killian says “…Cameroonian businessmen and individuals that exported their goods to America under preferential deals in the AGOA agreement will have to spend more in the process of exporting their goods. This will indirectly affect their business activities and corresponding lifestyle of their families”.

Besides economic impacts on Cameroon and Cameroonians following Cameroon’s withdrawal from AGOA from January 1st 2020, critics think the mere action of US portrays diplomatic failure on the part of Cameroon.They argue that the action tarnishes the image of Cameroon and might possibly affect the decisions of other countries wishing to sign trade agreements with Cameroon.

You can help support our work through the link below
ShareTweetSendShare
Previous Post

Government indifferent over Cameroon’s damaging humanitarian situation in NW, SW

Next Post

Dr. Sako promises more resistance, no election in Anglophone regions come 2020

Related Posts

Live Update

Cameroon and Nigeria’s separatist movements partner for ‘common goals’

April 10, 2021
Public debate on the Electoral Code in Cameroon: a vigilante citizen’s take
Live Update

Public debate on the Electoral Code in Cameroon: a vigilante citizen’s take

April 9, 2021
Des jeunes répondent au préfet du département de l'Océan, à Kribi
Cameroun

Kribi 1er : Les jeunes répondent au préfet du département de l’Océan

April 7, 2021
Cameroun : Il y a 37 ans, Paul Biya échappait à un coup d’État
Cameroun

Cameroun : Il y a 37 ans, Paul Biya échappait à un coup d’État

April 7, 2021
Live Update

Anglophone crisis: Human Rights, Civil Liberties, Faith groups et al demand USA to end military assistance to Cameroon

April 7, 2021
Cameroon: Regional Councils go silent, no operational budget
Live Update

Cameroon: Regional Councils go silent, no operational budget

April 6, 2021
You can help support our work via the link below

Recommended

Kumbo-Ndop road explosion injures three soldiers, damages military vehicle

9 hours ago

Death of Nfon Mukete: the last of an Anglophone generation?

1 day ago

Cameroon and Nigeria’s separatist movements partner for ‘common goals’

1 day ago

Adieu, Adoum Gargoum and Alim Hayatou! Is death enforcing Biya’s promised “generational transition”?

1 day ago

Popular News

  • Christians demand justice for ‘desecrated’ body of Cardinal Tumi

    0 shares
    Share 0 Tweet 0
  • Cameroon: Soldiers carry out Ngarbuh-type massacre in Mbonge

    0 shares
    Share 0 Tweet 0
  • After decades of ‘service to nation’, Mendo Ze nears death at dreaded Kondengui Central Prison

    0 shares
    Share 0 Tweet 0
  • Breaking News: Paul Biya grants clemency to “dying” Gervais Mendozé

    0 shares
    Share 0 Tweet 0

You can help support our work via the link below

Category

  • Affairs
  • Africa
  • Afrique
  • Agriculture
  • Business
  • Cameroon
  • Cameroun
  • Culture
  • Development
  • Développement
  • Economie
  • ECONOMY
  • Editor's Picks
  • Editorial
  • Education
  • Entertainment
  • Environment
  • Environnement
  • Food
  • Français
  • French
  • Gestion
  • Gouvernance
  • Health
  • Human Interest/Society
  • Human Rights
  • HUMANITAIRE
  • Insécurité
  • Interviews
  • Judiciary
  • Justice
  • Lifestyle
  • Live Update
  • MONDE
  • News
  • News Roundups
  • Opinion
  • Other
  • Politics
  • Politique
  • Religion
  • Road Safety
  • Santé
  • Science
  • Security
  • Société
  • Sport
  • Tech
  • Technologie
  • Tourisme
  • Transport
  • Travel
  • Voyage
  • World

Important Links

  • Term of Use
  • Privacy Policy
  • About Us

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Fashion
  • Lifestyle
  • Tech
  • Health
  • Food

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

en English
en Englishfr Français
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
pixel