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Cameroon Economists Shrug Off US Suspension of Preferential Trade

Moki Edwin Kindzeka

   YAOUNDE - Cameroon has shrugged off U.S. President Donald Trump's
   announcement last week to suspend the country's preferential trade
   status over alleged human rights abuses by security forces.

   Cameroonian economists say U.S. plans to withdraw the central African
   nation from the African Growth and Opportunity Act (AGOA) beginning
   Jan. 1, 2020, would have little economic impact as bilateral trade is
   very low, making it mostly symbolic.

   The 2000 law aims to stimulate U.S. trade and investment in sub-Saharan
   Africa by giving 39 countries duty-free access to the U.S. market.

   But participants must work toward a market-based economy, upholding
   labor standards, establishing the rule of law, and respecting human
   rights.
   

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