Investment protection in Cameroon is guaranteed in the provisions of the Investment Charter, particularly the international and sub-regional agreements ratified by the State of Cameroon. It also benefits from the provisions of Law No. 2013/4 of 18 April 2013 to lay down private investment incentives in the Republic of Cameroon.
The objectives of investment promotion are to encourage, promote and attract productive investments with a view to developing activities aimed at promoting strong, sustainable and shared economic growth and employment.
The provisions of the above law apply to investment operations relating to the creation, extension, renewal, reorganization of assets and/or the transformation of activities.
An investor who seeks the benefits provided for by this law is required to comply with all applicable laws and regulations.
Governed by 194 member States including Cameroon, UNCTAD is the United Nations body responsible for promoting sustainable economic development through trade, finance, investment and technology.
To achieve this:
- No Contracting Party shall submit in its territory investments or returns of investors of the other Contracting Party to a treatment less favourable than that which it grants, in similar circumstances, to the investments and income of its own investors or to those investors from a third country;
- No Contracting Party shall subject in its territory investors of the other Contracting Party, in respect of the management, maintenance, use, enjoyment or disposal of their investments, to treatment less favourable than that which it grants, in similar circumstances, its own investors or investors of a third State.
Foreign exchange regulations in Cameroon are based on Regulation No. 02/00/CEMAC/UMAC/CM of 29 April 2000 on the harmonization of foreign exchange in CEMAC member States, in force since 2 January 2004. This instrument, which replaces national regulations, is characterized by:
- disengagement of the State from economic activities with the outside world by transfer to the authorized intermediaries of the administrative competences in the management of foreign exchange and transfer transaction;
- abolition of the control of short-term capital movements with the abolition of administrative authorities and visas;
- release of payments for current transactions (visible goods and services, foreign exchange allocations);
- increased bank accountability in the execution and control of transactions.
- Tourist trips: Currency allocation capped at XAF 4 million.
- Business travel: Currency allocation capped at XAF 10 million.
- Official mission: Currency allocation capped at XAF 4 million.
- Travel for medical reasons: Currency allocation capped at XAF 5 million.
- Dividends and benefits: Transfer of part of the wages of foreign workers working in Cameroon and linked to a resident employer by a contract of employment.
- Rental income: This concerns the rents of buildings belonging to non-residents; the transfer covers an amount not exceeding 50% of the rent received.
- Lending and borrowing: Only banks are authorized to verify and execute lending and borrowings which are not subject to authorization but to declaration with the ministry in charge of finance. These are all transactions whose outstanding amount does not exceed XAF 100 million and operations specific to banks.
- Direct investment: Direct investment is declared for statistical purposes if the amount is less than XAF 100 million and the related transfers of funds are freely executed by authorized intermediaries.
- Securities: In general, these are annuity securities, bonds, shares, units of foundations and beneficiary units, all securities that may, by their nature, be listed on a stock exchange, as well as all certificates representing these securities. They are also coupons, dividends, subscription rights and other rights related to said securities. The issue, exploitation, advertising and sale of foreign securities in CEMAC, for amounts exceeding XAF 10 million, are subject to prior authorization from the Ministry of Finance.
Cameroon has been a member of WTO and GATT since 3 May 1963. It may therefore, in accordance with the rules governing this institution, take “safeguard” measures (i.e. temporarily restrict imports of a product) to protect a domestic industry against increase in imports of a product which causes or threatens to cause serious damage to the said industry. Safeguard measures are authorized by GATT (Article XIX).
Competition in Cameroon is governed by Law No. 98/13 of 14 July 1998. Cameroon's commitment to developing a market economy dates back to the dawn of the 1990s. Putting this commitment into practice led to the implementation of liberalization policies, structural economic reforms, etc. The supplementary aspect of these policies concerned the adaptation of economic governance. It has resulted in the establishment, as a first step, of many institutions dedicated to the protection and enforcement of property rights and the execution of contracts and, secondly, through the creation and the entry into operation of "market control" institutions whose role is to protect the interests of consumers and to guarantee the expression of market forces through appropriate supervision of the behaviour of the stakeholders.
Cameroon is a member of the African Intellectual Property Organization (OAPI), the Central African Economic and Monetary Community (CEMAC), the Commonwealth and the Economic Community of Central African States (ECCAS).
Tariff commitments for goods are included on the lists of concessions concerning the goods. Through these lists, Cameroon has undertaken not to apply tariffs higher than the indicated rates which are "consolidated". Non-tariff measures are dealt with in specific WTO agreements.
Cameroon has ratified AGOA and MIGA, and is also a member of ICSID and the International Chamber of Commerce.
In conjunction with the relevant public and private administrations and organizations, the Standards and Quality Agency contributes to the development and implementation of government policy in the field of standardization and quality in Cameroon. The list of Cameroonian standards made compulsory is shown in the following table:
LIST OF CAMEROONIAN STANDARDS WHOSE APPLICATION IS MANDATORY
Technical regulation reference
Field of activity
Reference of the continuous Cameroonian standards in the technical regulation
Order No. 20/MINDIC/DDI/CNQ of 21
August 2000 to approve the standard for jute bags used on the national territory
Technology and food products
Order No. CF 2/MINDIC/CAB of 6
January 2004, making the bread standard mandatory throughout the national territory
NC 213: 2003, Bread Standard
Order No. 29/MINIMIDT/CAB/ of 26
March 2007 rendering mandatory the standards approved by Technical Committee CT02 on 16 January and 22 February 2007
NC 09: 2001-02, Rev.1 (2007) Standard for fruit juices
NC 11: 2001-02, Rev.1 (2007) Sugars
NC 10: 2001-02, Rev1 (2007) Standard of fruit nectars
NC 15: 2001-0, Rev.1 (2007) Jams and jellies
NC 206: 2003-02, Rev.1 (2007) Refreshing drinks without alcohol
NC 208: 2003-02, Rev.1 (2007) Alcoholic cereal-based beverages
NC 209: 2003-02, Rev.1 (2007) Wine
NC 211: 2003-02, Rev.1 (2007) Appetizers based on wine products
NC 05: 2001-02, Rev.1 (2007) Natural mineral water
NC 207: 2003-02, Rev.1 (2007) Drinking water for human consumption
NC 06: 2001-02, Rev.1 (2007) Recommended International Code of Hygienic Practice for the Collection, Operation and Marketing of Natural Mineral Waters
Order No. 331/MINIMIDT/SG/DNQ/CNQ/CJ of 11 March 2009 to render mandatory the standards of food products
CN 64: 2001-02, Code of hygiene practice for dried fruit
NC 20: 2001-02, Vegetable juices
NC 12: 2001-02, Honeys
NC 14: 2001-02, Fruit nectar mixtures
CN 17: 2001-02, International user code recommended for packaging and transport of fresh fruits and vegetables
CN 29: 2001-02, Recommended International Code for dried fruits hygiene
CN 92: 2002-03, Rice
NC 73: 2002-03, Margarine
NC 75: 2002-03, Minarine
CN 77: 2002-03, Vegetable oils with a specific name
NC 76: 2002-03, Mayonnaise
NC 214: 2004-03, Cookies
NC79: 2002-03, Recommended International Code of Practice for the Storage and Transport of Edible Oils and Fats in Bulk
NC 98: 2002-03 Recommended International Code of Hygienic Practice for Peanuts (Peanuts)
NC 115: 2002-04 General standard for the use of dairy terms
NC 116: 2002-04 Standard for butter
NC 118: 2002-04 Rev (2008) Standard for concentrated milk
NC 119: 2002-04 Rev (2008) Standard for sweetened condensed milk
NC 120: 2002-04 Standard for cheese
NC 121: 2002-04 Standard for whey cheese
NC 122: 2002-04 Standard for processed cheese and processed cheese for spreading with a variety name
NC 123: 2002-04 Standard for processed cheese and processed cheese for toast
NC 124: 2002-04 Standard for processed cheese and processed cheese preparations
NC 125: 2002-04 Standard for cream for direct consumption
NC 126: 2002-04 Standard for yogurt
(yoghurt) and sweet yogurt (sweet yoghurt)
NC 127: 2002-04 Standard for flavoured yogurt (yoghurt) and heat-treated products after fermentation
NC 130: 2002-04 Rev.1 (2008) Standard for milk powder and cream powder
NC 128: 2002-04, Standard for whey powders
NC 190: 2002-04 Infant formula
NC 153: 2002-04 Canned sardine products
NC 164: 2002-04 Recommended International Code for Fresh Fish
CN 165: 2002-04 Recommended International Code of Practice for Canned Fish, Shellfish and Molluscs (canned)
NC 166: 2002-04 Recommended International Code of Practice for Frozen Fish
NC 167: 2002-04 International User Code Recommended for Shrimp
CN 170: 2002-04 Recommended International Code for Smoked Fish
NC 171: 2002-04 Recommended International Code for Salted Fish
CN 172: 2002-04 Recommended International Code for Minced Meat Prepared by Mechanical Separation
CN 173: 2002-04 Recommended International Code of Practice for Crabs
NC 174: 2002-04, International User Code Recommended for Fishery Products Frozen, Battered and/or Battered
NC 175: 2002-04 Corned beef
NC 176: 2002-04 Luncheon meat
NC 177: 2002-04 Cooked ham
NC 178: 2002-04 Cooked pork shoulder
NC 180: 2002-04 Broths and consommés
CN 183: 2002-04 Recommended International Code of Hygienic Practice for Fresh Meat
CN 184: 2002-04 Recommended International Code of Hygienic Practice for Processed Meat and Poultry Products
CN 185: 2002-04 Recommended International Code of Hygienic Practice for the Processing of Poultry
NC 186: 2002-04 International Code of Practice Recommended for Game Hygiene
CN 187: 2002-04 Recommended International Code of Practice Recommended for Production, Storage And Composition of Mechanically Separated Meat and Poultry Meat for further Processing
NC 191: 2002-04 Diversified baby foods
CN 194: 2002-04 Labelling and claims for pre-packaged dietary and diet foods
NC 197: 2002-04 Food preparations used in diets
NC 198: 2002-04 Food preparations used in diets with very low energy content
NC 215: 2004-09 Management of quality and safety in transport
NC 233: 2004-17 Code of practice for pre-cooked food and catering
NC 216: 2004-17 Management and customer service in the hotel industry
NC 30: 2001-20 Recommended international codes of practice. General principles of food hygiene
NC 31: 2001-20 General standard for food additives
CN 39: 2001-20 Code of practice of hygiene for spices and dry aromatic plants
CN 42: 2001-20 Guidelines for visual inspection of consignments of canned foods as to unacceptable defects
NC 38: 2001-20 Guidelines on nutrition labelling
NC 74: 2002-03 Virgin and refined olive oils and refined olive-pomace oil
Joint Order No. 2366/MINSANTE/ MINIMIDT/MINCOMMERCE of 24 August 2011 to render mandatory the standards of vegetable oils with a specific name, fortified with vitamin A
NC 77: 2002-03, Rev1. (2011) Vegetable oils with a specific name, enriched with Vitamin A
Joint Decree No. 2369/MINSANTE / MINIMIDT / MINCOMMERCE of 24August 2011, making the standard on wheat flour, fortified with folic acid, zinc and vitamin B12 mandatory
NC 01: 2000-03, Rev 1 (2011) Wheat flour fortified with iron, folic acid, zinc and vitamin B12
Joint Order No. 003679/MINMIDT/MINCOMMERCE of 21 August 2012 making mandatory the standards below
CN 04: 2000-20 Labelling of pre-packaged foods in Cameroon
CN 33: 2001-20 General guideline for use of the term "Halal"
NC 40: 2001-20 Irradiated foods
CN 41: 2001-20 Guideline content for acrylonitrile and vinyl chloride monomer in food and food packaging materials
CN 43: 2001-20 Principles for inspection and certification of food imports and exports
NC 63: 2001-20 Bread improvers
Joint Order No. 6011/ MINMIDT / MINCOMMERCE / MINSANTE/ of 12 September 2014 rendering the standard for spirits NC 210: 2014-48 mandatory
NC 210: 2014-48 Spirits
Order No. 557/MINIMIDT/CAB/ of 19 April 2010 rendering obligatory the standards below
Construction and public works and civil engineering
NC 234: 2009-06 Cement specification
NC 235: 2009-06 Cement - compliance assessment criteria
NC 236: 2009-06 Steels for Reinforced Concrete:
Concrete iron (wire rod)
NC 237: 2009-06 Steel reinforcements for concrete: Fastening wire
NC 238: 2009-06 Concrete steel reinforcements: welded wire mesh
Joint Order No. 216/MINMIDT/ MINCOMMERCE of 20 June 2012 rendering mandatory the standards below
NC 100: 2002-06 Aluminum alloy sheet standard
NC 101: 2002-04 Standard for coated steel sheet
Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015 to amend and approve jet A1
Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015, to amend and approve super gasoline
Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015 to amend and approve Gasoil
Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015 to amend and approve fuel oil 1500
Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015, to amend and approve fuel oil 3500
Joint Order No. 2360/MINEE/MINMIDT of 1 April 2015, to amend and approve Liquefied Petroleum Gas (LPG)
Joint Order No. 2166/MINIMDT/MINEE of 20 June 2012 rendering the standard of commercial butane gas cylinders compulsory NC 02: 2008-08, Rev. (2011)
NC 02: 2000-08, Rev.1 (2011) Commercial butane gas cylinders
Joint Order No. 2164/MINIMDT/MINEE of 20 June 2012 rendering mandatory the standard for low-voltage electrical installations NC 244 C 15 100: 2001-08
NC 244 C 15 100: 2011-08, Low voltage electrical installations
Order No. 47/CAB/PM of 26 May 2015 to lay down conditions for the handling, storage and transport by pallet of liquefied petroleum gas (LPG) cylinders in Cameroon
CN 1728: 2015 Gas cylinders - handling safety (Articles 5, 6 and 7)
NC 818, Pallet standards for commercial butane bottles transport
Order No. 499/MINIMIDT/SG/DNQ/CNQ/CJ of 11 January 2010 making the standards of cosmetic products compulsory
NC 802 General standard of toothpastes
NC 803 Standard for toilet soaps
CN 814 Specific standard for cosmetic and personal hygiene products: Lightening cares
CN 813 Specific standard for cream-milks-lotions-ointments and talcs
NC 815 Specific standard for perfumes
NC 816 Specific standard for shampoos
NC 804 General standard for the labelling of cosmetic products
NC 805 Guidelines on allegations acceptable for advertising and labelling of cosmetics
NC 806 Cameroon standard guidelines for good practice and manufacture of cosmetics
NC 801: General standard for cosmetic products
CN 810 Cameroon standard for cosmetics-microbiology-general instructions for microbiological examinations
NC 808 Cameroon standard for cosmetic microbiology detection of Escherichia coli
NC 807 Cameroon standard for cosmetics-microbiology enumeration and detection of mesophilic aerobic bacteria
NC 809 Cameroon standard for cosmetics-microbiology-detection of Staphylococcus aureus
NC 811 Standard for research and detection of Candida albicans
CN 812 Cameroon standard for cosmetics-microbiology looking for Pseudomonas aeraginosa
Order No. 273/MINIMIDT/SG/DNQ/CNC/CJ of 29 October 2008 making mandatory the standards approved by CT12 on 6 May 2008
NC 239: 2008-12 Toilet papers
NC 240: 2008-12 Exercise books and related articles
NC 241: 2008-12 Napkins
NC 242: 2008-12 Facial tissues and cleansing tissue
NC 243: 2008-12 Household paper towels