Page 127 - Atouts-Cameroun-2017
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These relations are ancient and varied, one should point out that it is in Yaoundé that were sealed the first ACP States associations agree- ments with the EEC (Yaoundé 1: 1963/69). It's still in the Cameroonian capital that were signed the agreements of Yaoundé II (1969/1975), which brought a significant assistance in a multitude of areas to ACP States and particularly to Cameroon.The following agreements (from Lomé 1 to Lomé V) expanded and amplified the EEC’s interven- tions. Regarding Cameroon, its products and those of other ACP countries have free access to the European market. For products (such as bananas), this is limited to specific quotas. The European Union is by far the largest trading partner of Cameroon. European cooperation in addition to bilateral cooperation with the mem- bers of the Union, also plays an important rolein relations of this type that Yaoundé has with foreign countries.Some main areas of cooperation are: communi- cation infrastructures, social facilities (health, edu- cation), industrialization (through the European Investment Bank and CDI), support to privatiza- tion actions, restructuring of the coffee and cocoa sectors, development of the countryside (local development programmes and stabex transfers).STABEX transfers have become, in recent years, an important cooperation instrument. They hel- ped to offset revenue losses on exports of coffee, cocoa and bananas, affected by price fluctua- tions on the world markets. Cooperation with the European Union has also spread to the structural adjustment policy interventions being coordina- ted with the IMF and the World Bank.185 BILLION FOR THE ELEVETH EDFTaking into account the demands of fight against poverty reflected in the Growth and Employment Strategy Paper (GESP) in accordance with the recommendations of European Consensus on Development, Cameroon chose to primarily allo- cate resources from envelope A of the 11th EDF (2014-2020), an indicative amount of 185 billion CFA francs, to two areas of concentration are:n Governance (respect for human rights, promo- tion of democracy, inclusive growth); and-n Rural developmentThe two areas have as leitmotiv; making life bet- ter for Cameroonians. But the bulk of the budget, 63% of the total will go the second anchorage point, that is the rural world. The objective in this area is to take part in harmonizing the develop- ment of the territory and its sustainability. Economic growth will also be a point at issue; which means prosaically that the EU will have to act in a manner that can enable the rank and file to feel on a daily basis, the social and economic changes as programmes are implemented.It's on October 28, 2014 that Emmanuel Nganou Djoumessi, Cameroon's Minister of Economy, Planning and Regional Development, and Ambassador Françoise Collet on behalf of the European Union (EU), signed in Yaoundé, the indica- tive framework in which will run from 2014 to 2020, the 11th European Development Fund (EDF). Funding under the program, 185 billion CFA francs made by Brussels in favour of Yaoundé can be recorded under what EDF has already done in Cameroon and com- plements comprehensive national and bilateral cooperation programmes, while nesting in similar actions by the EU in Central Africa.A longstanding and varied cooperation exists between Cameroon and the European UnionLES ATOUTS ECONOMIQUES DU CAMEROUN127

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