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328LES ATOUTS ECONOMIQUES DU CAMEROUN• The independence and professional compe- tence, jurisdictions that are both of the legal and administrative order• The application of every other agreement or international treaty ratified in conformity with arti- cles 43, 44, and 45 of the ConstitutionThe State is a part taker of both bilateral and mul- tilateral agreements in terms of guarantee of investment. It adheres to:• The New York Convention on the acknowledge- ment on the execution of international arbitral sen- tences concluded under the auspices of the UN• To the Washington Convention to institute the International Centre for the Settlement of conflicts, related to investments (CIRDI)THE STATE IS PART• of the Seoul Convention of 11 October 1985 to create the multilateral agency for the guaran- tee of investment (MIGA) destined to guarantee non commercial risks• of the OHADA treaty in application of which modern legal rules, simple and inspired from inter- national practice were elaborated in business lawThe State has, thanks to its belonging to OHADA, an arbitration mechanism both ad hoc and institu- tional, inspired from most successful international instruments, such as the law of the UN for interna- tional law on trade, international arbitration of 1985 and the regulation of arbitration of the inter- national chamber of commerce of 1998The State has entered into ACP/CE partnerships of 23 June 2000 which provides an arbitration mechanism for the settlement of disputes between African, Caribbean and Pacific States (ACP) and entrepreneurs, suppliers or service providers tied to a financing from European development funds.The State affirms its commitment to ensure the put- ting in place of alternative mechanisms of conflict resolution notably of a national arbitration court for the settlement of industrial and commercial disputes.LIBERALISATION OF LOCAL MARKETSThe mechanism of offer of demand applies to goods and services offered to authorities. Strategic and key sectors defined and organised by regulatory way are supervised by specific organs created for their supervision.To ensure the supervision of appropriate regula- tion as well as supervision of markets other than those that have specialised organs, the national competition commission is created under the supervision of the ministry in charge of competi- tion with determined missions and competencies through regulatory ways.International transparency norms concerning pro- tection, publication and spread of quality infor- mation applicable to both the public and private sector are adopted in Cameroon.EXTERNAL COVERAGE AND REGIONAL INTEGRATIONThe State adheres to multilateral systems of exchange notably the agreements of the World trade organisation and other development mecha- nisms of international trade, as well as agreements of the World Customs Organisation (OMD).The State reaffirms its adhesion to the option of regional integration in particular within CEMAC and CEEAC.GENERAL INCITEMENTThree types of general inciting institution are iden- tified: promotion, facilitation and support.Promotion consists in the organisation of manifes- tations and missions locally or abroad active partnership, the management of an opportunity portfolio as well as marketing of the country’s potentials.Facilitation consists in the assistance and swift- ness in the accomplishing of formalities, transpa- rency in the treatment of files.Support consists in the technical or financial sup- port for the creation and recovery of companies and development of exploitation.SPECIFIC INCITEMENTThey are regrouped in regimes, sector codes, economic zones and duration of advantages. Three regimes are instituted:n Automatic regimen Declaration regime n Authorisation regimeThe benefit of the automatic system is easy after rea- lisation of investment in conformity with specified conditions by texts. However, a summary declara- tion is made annually at competent services of State administration for control and validation.The declaration regime is granted within a dead- line of two consecutive working days in the res- pect of conditions laid down by law from the date of submission of complete file at the one stop shop. The latter shall issue from submission of file, a receipt.The authorisation regime is granted to the investor within a maximum deadline of 15 consecutive working days in the respect of conditions laid down by regulatory way from the date of submission of complete file at the one stop shop which should deliver a receipt after deposit of file.

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