Cameroonian economic and trade forum to be held in Turkey

Cameroonian economic and trade days forum to be held in Turkey In a press release published by the Office of the Prime Minister following the 2nd session of the Economic, Technical and Trade Commission of Cameroon and Turkey, held on June 12 and 13, 2014 in Turkey, the Cameroonian government announced the holding of “Cameroonian economic and trade days” this October in Ankara. This will be an opportunity for businesses of both countries to strengthen their relations by promoting their respective know-hows.

But before this happens, the city of Yaoundé, Cameroon’s capital, will hold a Turkish product fair. This will take place in September. According to reliable sources, the trade event will be held at the Turkish mall in the nation’s capital – a massive space covering some 6,000 m2 slated to open its doors in the Mvan district this July.

Since the economic mission led by the Cameroonian Head of State, Paul Biya, in Turkey in March 2013, there has been some strengthening of economic cooperation between the two nations, particularly in terms of considerable investments to be made in the real estate and construction sectors and the arrival of Turkish Airlines in Cameroonian airspace with the Douala-Istanbul direct flight. The press release also reveals that Turkey plans to open its International Cooperation Agency (TIKA) in Yaoundé.

Boosted by improved economic relations between the two countries, Cameroon is officially planning to raise their trade volume to 500 million USD (250 billion FCfa) by 2015. It is currently estimated at approximately 75 billion FCfa.