[Cameroon] Businessmen and Moscow Chamber of Commerce mull setting coffee trading market
The association of Cameroon businessmen and the Moscow Chamber of Commerce are exploring the idea of setting up a coffee trading market.
The project, which the Minister of Commerce, Luc Magloire Mbarga Atangana, lists among the activities to be supported by his ministry this year, was first discussed during the Cameroonian Economic Days in Moscow organized in October 2016.
Indeed, Russia is with Germany and Belgium, one of the three main destinations for the coffees (Arabica and Robusta) produced in Cameroon. With 81.36 per cent of exported volumes, based on the official statistics for the 2014-2015 crop season.
In addition to the project, Minister Mbarga Atangana highlighted while receiving the wishes of his subordinates; this year, “with regards to winning exterior markets, particularly markets close by”, the priority of the Ministry of Commerce “will be on the sub-regional and regional space, with an emphasis on getting approvals to the preferential community regime, from the CEMAC and CEEAC to benefit Cameroonian companies.”
The minister appealed to local economic operators, for them to get in touch with the relevant services in his ministry, to receive help in establishing their request for authorizations.