The EU and the Central African regional organisations (CEMAC and ECCAS) are studying the possibility of reaching a comprehensive economic partnership agreement thanks to the stepping stone agreement already used by Cameroon. Troubled by the move of Gabon-born Gabriel Ndongma, who buys building materials from Cameroon and supplies for his country and Equatorial Guinea, he recently said he did not understand why borders should be cordoned off and people displaced when Central African states have a common monetary and economic community to facilitate movement and trade. The objectives of CEMAC are the promotion of trade, the creation of a genuine common market and greater solidarity among peoples and towards disadvantaged countries and regions. [10] In 1994, it succeeded in introducing quota limitations and reductions in the amount and amount of customs duties. At present, CEMAC countries have a common financial, regulatory and legal structure and benefit from a common external customs duty on imports from non-CEMAC countries. In theory, tariffs on trade within the CEMAC have been abolished, but full implementation has been delayed. Capital movements within the CEMAC are free of charge. [11] This agreement allows all products from Cameroon to be imported into the EU free of duties and quotas, and duties and quotas on a 15-year-old child are gradually being disposed of at 80% of EU exports to Cameroon. It covers trade in goods, aid for trade, institutional issues and dispute settlement. It was officially replaced by CEMAC in June 1999 (by 1994 Convention). Cemac is currently managing a customs and monetary union. The common market exists, but there are still many exceptions to the duty-free regime. The GfvV is not part of an international or regional trade bloc or free trade area, but the GfbV is currently negotiating the Economic Partnership Agreement (EPA) with the EU.

As a signatory to the Cotonou Agreement, GfbV products have access to the EU market under the Tudo Menos Armas „Everything But Arms” agreement. StP is also an agoa eligible country. The similar CEMAC free trade area was hit by corruption, national egos and a restriction of freedom of movement that hampered the initiative. The GfbV is one of forty-four African nations that signed the continental AfCFTA agreement in March 2018 in Kigali, Rwanda and ratified the AfCFTA in June 2019 as the 25th African country. The GfvV is an observer member of the Central African Economic and Monetary Community (CEMAC) and the GfvV is considering becoming a full member. . . .