19 hrs ago
Cameroon and CAR Launch $3 Million Cross-Border Trade Initiative
Cameroon and the Central African Republic have started a project to make trading between their countries work better.
The project is called PAMOZ and has $3 million in funding.
It will run for two years, with support from the African Development Bank and the International Organization for Migration.
The project aims to make it easier for goods and people to cross the border safely and efficiently.
It will also help businesses connect with markets and strengthen local trade.
Women, young people, traders and transport workers are among those it hopes to support.
The project is important to the Central African Republic because it is landlocked and relies on transport links to reach markets.
Officials say better cooperation could create more opportunities for communities on both sides of the border.
Cameroon and the Central African Republic launched the $3 million PAMOZ initiative on 6 October in Yaoundé.
The African Development Bank is funding the 24-month project, with technical support from the International Organization for Migration.
PAMOZ aims to improve cross-border trade, strengthen regional value chains and expand economic opportunities along the Cameroon-CAR corridor.
The initiative links trade facilitation and border governance with safe, orderly and regular migration.
It will work with public institutions, businesses and border communities, with particular attention to women, young people, traders and transport operators.
- Who
- The governments of Cameroon and the Central African Republic, with funding from the African Development Bank and technical support from the International Organization for Migration.
- What
- They launched PAMOZ, a $3 million initiative to improve cross-border trade, border governance and regional economic opportunities.
- Where
- The launch took place in Yaoundé, Cameroon; the initiative focuses on the Cameroon-Central African Republic corridor.
- When
- The project was launched on 6 October and is scheduled to run for 24 months.
- Why
- To make cross-border exchanges more efficient, strengthen regional value chains and expand economic opportunities for border communities.
Regional integration priorities
Implementation challenges
Potential benefits of the corridor
Regional integration priorities
Project supporters say more efficient movement can connect businesses to markets, strengthen value chains and create economic opportunities.
Implementation challenges
The articles describe the corridor’s importance and the barriers the initiative seeks to reduce, but do not provide a distinct opposing position or evidence disputing the expected benefits.
Trade and human mobility
Regional integration priorities
The African Development Bank and IOM argue that goods, people, skills and investment all need to move more freely and safely for regional integration to deliver benefits.
Implementation challenges
The articles do not present an opposing viewpoint on linking migration governance with trade policy.
Key facts
- Project
- Project to Support the Implementation of the African Continental Free Trade Area (PAMOZ)
- Funding
- US$3 million
- Duration
- 24 months
- Launch date
- 6 October
- Launch location
- Yaoundé, Cameroon
- Funder
- African Development Bank
- Technical support
- International Organization for Migration
- Focus
- Trade facilitation, border governance and safe, orderly and regular migration
Quotes
Luc-Magloire Mbarga Atangana
Cameroon’s Minister of Trade
“The launch of the PAMOZ Project reflects the Government of Cameroon’s commitment to harnessing the opportunities offered by the AfCFTA to promote inclusive growth, facilitate trade and strengthen regional economic integration. By reinforcing the capacities of cross-border trade stakeholders and improving the enabling environment for economic exchanges, this initiative will contribute to unlocking new opportunities for businesses and communities alike.”
wionews.com
“Enhanced cooperation between the Central African Republic and Cameroon is essential to addressing constraints to trade, fostering stronger economic linkages and supporting sustainable development. The PAMOZ Project marks an important milestone in our shared efforts to promote greater regional connectivity and prosperity.”
wionews.com
Sources
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