Thursday, May 23, 2019

Cameroon-US trade up 32% to $366mln in 2018

Trade between Cameroon and the US reached $366 million (about XAF212.44 billion) in 2018, up 32% compared to 2017, the US embassy in the African country revealed.

Despite the progress, the source mentions, there is still room for more improvement. Back in 2014, figures were higher at XAF294.5 billion, XAF82 billion more, compared to 2018 results.

For Henry Barlerin (photo), US ambassador to Cameroon, American companies are well positioned as quality products and services suppliers to Cameroon to bolster its economic and social development. “Of course, for me, American companies are the best. They have experience in Africa and around the world and also they work with local partners to create products tailored to local customers,” he said yet denouncing a business environment not so favorable for US companies in Cameroon.

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