Regional Economic Communities
Economic and Monetary Comunity of Central Africa (CEMAC)
Date of creation
16 March 1994, came into effect on 1 August
List of countries
Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon
Non-Tariffs Trade Barriers
Freedom of movement and Rights of Establishment of nationals of member states within
Common market with free movement of goods, capital and services
These trade agreements are not yet full implemented
Common external tariff for imports from the other countries
Free movement of capital
Relation with other countries
Relations with other REC
Cameroon signed an interim Economic Partnership Agreement (EPA), including: duty and quota-free EU access for all goods from Central Africa; gradual liberalization between 2010-25 up to 80% of EU exports to Cameroon; exclusion of Cameroonian sectors still needing protection from EU imports (e.g. farm products like meat, flour and dairy products); improved Rules of Origin which will apply once the whole region signs the EPA.
Chad, Central African Republic, Democratic Republic of Congo, São Tomé and Equatorial Guinea benefit from duty and quota-free EU access under the "Everything but Arms" scheme, except arms and ammunitions, without any quantitative restrictions (with the exception of bananas, sugar and rice for a limited period).
Gabon, Congo trade with the EU under its Generalised System of Preferences scheme, a system of exemption from the most favored nation principle that obliges WTO member countries to treat the imports of all other WTO member countries no worse than they treat the imports of their "most favored" trading partner.