Cameroon – European Union : First Structured Economic dialogue holds

The first session of the structured economic dialogue between Cameroon and the European Union has been organised in Yaounde this Tuesday, 25th June 2019.

The dialogue seeks to build partnerships for sustainable and inclusive growth, the Minister Delegates in charge of Planning at the Ministry of Economy, Planning and Regional Development, Paul Tasong said while opening deliberations.

The Minister who doubles as the National authorizing delegate officer of the European Development Fund outlined the government’s expectations:

– To enable government secure flagship measures for the creation of favourable economic environment and raise sustainable investment.

– Better understanding of government’s priorities by EU and member states in the area of economic governance, job creation and mobilisation of sustainable investments in line with the Africa Europe alliance.

– Exploring together mechanisms to improve inclusive growth, sustainable job creation, investment and revenue mobilisation as well as improving the business climate and strengthening the private sector.

The Ambassador, Head of European Union Delegation to Cameroon, Hans Peter Schadek said the structured economic dialogue is a follow up to the Africa Europe alliance that seeks to:

– Stimulate investment strategies and reinforce the role of the private sector in job creation

– Invest in human capital via education and competence building.

– Improve the business and investment climate

– Explore the full economic integration and exchange.

He added that EU Africa cooperation will be a priority after 2020 when the Cotonou agreement expires.

Both parties agreed on the need for continues dialogue and monitoring of development assistance from EU.

Elvis Teke