The Wayback Machine - https://web.archive.org/web/20180627102003/http://allafrica.com:80/stories/201806260427.html
25 June 2018

Cameroon: Economic Wounds of Trade Irregularities

Smuggling, fraud, counterfeiting and illegal trade are partly a consequence of porous boundaries and laxity in the system of control.

It might be difficult to state clearly how much trade irregularities are causing as losses to the country's economy. One thing that is however clear is that many things going the wrong direction as far as trade is concerned are slipping through the fingers of those who are charged with managing them.

Figures published by GICAM, the association of Cameroon businesses, put the estimates of the annual losses for 2017at FCFA 150 billion as a result of illegal trade, fraud, smuggling and counterfeiting. The proliferation of contraband goods and counterfeit products, such as hydrocarbons, cement, whiskeys, cigarettes, cosmetics, beer and other beverages is strangulating local production out of business.

This continues to be the worry of concerned Cameroonians in general and businesses in particular. But how come a sector so dear to the country's economy like trade could be allowed to decay to this level is the question on many minds.

The customs administration as well as the National Brigade on Fraud Control and Repression of the Ministry of Trade has been working tooth and nail to curb the situation but from the look of things, the more they tighten control knots the more the situation goes out of hand.

Recently, precisely, last March 21, Customs officials in Tiko, one of the main entrances of illegally imported goods, destroyed goods worth FCFA 108 million under the supervision of the Divisional Officer for Tiko. The goods so destroyed included 766 cartons of fake medicines, 624 packs of non-biodegradable plastic bags, and 158 cartons of cigarettes.

The illegal goods were put to flames in the outskirt of the town of Tiko. Many of such operations have been taking place. Several of such reasons explain such repressive administrative decisions. This happens when goods are illegally imported, when they are counterfeited products and when they are observed to have defied recognised standards.

The situation is further facilitated by the porous nature of Cameroon's frontiers both on land and sea. The country shares over 1,000 kilometers of land and sea with neighbouring Nigeria, a portion of the land with Chad, Equatorial Guinea and Gabon.

This makes it difficult to set up customs posts in all the outlets. Traders will always find a way out, and this explains why illegal and illicit goods continue to flood the country. Of course, the country's economy continues to bleed under the heavy weight of such irregularities.

Cameroon

Concern Voiced About Education of Refugee Children

Thousands of Nigerian refugees, who fled violence from the Boko Haram insurgency for Cameroon, say they are uncertain… Read more »

See What Everyone is Watching

Copyright © 2018 Cameroon Tribune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

More From: Cameroon Tribune

Quantcast
Morty Proxy This is a proxified and sanitized view of the page, visit original site.