Exporting into CAMEROON / CEMAC region

The Economic and Monetary Community of Central African States (CEMAC) includes six countries: Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic and Chad. Its mission is to promote the harmonious development of Member States through the establishment of a true common market. CEMAC countries share a common financial, regulatory, and legal structure, and maintain a common external tariff (CET) on imports from non-CEMAC countries.


The CEMAC (Economic and Monetary Community of Central Africa/Communauté économique et monétaire de l'Afrique centrale) countries viz: Cameroon, Chad, Congo, Gabon,  Equatorial Guinea, and uses one currency which is the FCFA with a common regional commercial and trade agreement signed by all the member states which requires that for any foreign company doing business for the first time in any of the nations is required to complete the TRANSACTION CONFORMITY / NORMALISATION CLEARANCE to check the product quality / veracity of the transaction toward ascertaining that its acceptable into the region and to confirm the transparency of the transaction ensuring no money laundering crime / terrorism finance or such going on in the disguise of business..


This TRANSACTION CONFORMITY / NORMALISATION CLEARANCE is in compliance with the foreign trade act and standardization agreements reached by the member nations of this region to ensure that the standard conforms to the quality of this region by the submission of documents / product sample (if required) of their company as would be advised by the Department of Commercial Conformity Clearance office alongside with the a (refundable) deposit in conformity with the business category % of their product by the sender/beneficiary (buyer & seller) as the bond deposit is to ascertain the transparency clearance of both parties from any financial related crimes such as money laundering and related cases of financial crimes which is refundable to both parties once certification is completed.
And once both parties completes their certification with the appropriate Department of Commercial Conformity Clearance, they will be issued the said clearance which will enable the seller firm or individual receive funds for any business/transaction and from any bank/ financial institution in Cameroon/ this region. Also this requisite conformity clearance is a one time certificate which will serve your company for all your export of the related products in the CEMAC region member nations such as; Cameroon, Chad, Congo, Gabon, Equatorial Guinea, Central African Republic etc, within 5 years and can be renewed upon expirations..
 
More About -CEMAC
The current CEMAC rose from the ashes of the old CACEU the Customs and Economic Union of Central Africa (UDEAC), preceded by the Equatorial Customs Union (UDE). Its historical cycle is as follows:
June 1959 Creation of the Equatorial Customs Union (UDE). 1961 accession of the State of Cameroon.
December 8, 1964, in Brazzaville signing of the Treaty establishing the Customs and Economic Union of Central Africa (UDEAC). 1983 accession of Equatorial Guinea to UDEAC. 16 March 1994, signed in N'djamena in Chad of the Treaty establishing the Economic and Monetary Community of Central Africa (CEMAC).
The founding fathers of the organization set themselves several objectives including: Create a common market based on the free movement of people, goods, capital and services.
Ensure stable management of the common currency;
Securing the environment for economic activities and business in general; Harmonizing regulations of national sectoral policies.

STATISTICS
According to 2010 statistics, the assets of the community organization are as follows:
Population (estimate): 36.7 million
Growth rate (real GDP): 4.08
Population growth rate (average): 2.79
GDP Growth Rate / Hbt: 1.28
Main export products: petroleum, timber and diamond
Inflation (consumer prices, annual average December) 2.33
 

Member States

  •  Cameroon
  •  Central African Republic
  •  Chad
  •  Republic of the Congo
  •  Equatorial Guinea
  •  Gabon