Cameroon accelerates EU tariff reductions amid shifting investment partnership

Cameroon is implementing the eleventh phase of tariff dismantling under its Economic Partnership Agreement (EPA) with the European Union. This phase introduces a 70% reduction in customs duties for products in group 3, which includes fuels, cement, passenger vehicles, and motorcycles. While essential goods like medicines and agricultural inputs already enjoy total exemptions, the progressive liberalization of more sensitive goods is impacting state finances. Cumulative fiscal losses related to the EPA have surpassed 100 billion FCFA.

Parallel to these trade shifts, the European Union has provided over €953 million (approximately 626 billion CFAF) in grants to Cameroon throughout its history of cooperation. Under the 2021-2027 framework, an additional €244 million has been allocated via the EU's Global Gateway strategy. This partnership is transitioning from a grant-heavy model toward a focus on large-scale infrastructure and private-sector investment. Key projects include the 420-MW Nachtigal hydroelectric project and planned bridges over the Logone and Ntem rivers to improve regional connectivity with Chad and Equatorial Guinea.