11 June 2009

Cameroon: Yaounde to Host First Cameroon-Turkey Trade Fair

The fair, billed for mid-January 2010 will deepen partnership between the two countries.

If the mountain refuses to go to Mohamed, Mohamed will go to it. This is certainly the spirit behind the decision to organize a trade fair in Yaounde for Turkish and Cameroonian businesses. As a result of distance, cost and skepticism, many Cameroonian businesses failed to answer present at the fourth edition of the Turkey World Trade Bridge; Tuskon 2009.

Although the participation of Cameroonian businesses increased by 50 per cent, with 60 enterprises taking part compared to 40 during the previous edition, authorities of the Turkish-Cameroon Business Association (TURCABA) think the participation would have been higher.

According to Paul-Valery Wakue Moumbe, Secretary General of TURCABA, the Yaounde come-together will be occasion for Cameroonian enterprises that were not able to be part of the Istanbul arrangement to participate. "Turkish textile industries are particularly interested in the Yaounde fair", Wakue Moumbe told C.T., stating inter alia that a Turkish milk production factory will be visiting the country in November for feasibility studies.

The wood processing sector, construction, naval construction, textile, cotton, electricity electronics and food processing featured prominent among the Cameroonian delegation in Istambul. In all, 86 business men and women represented 60 companies at the forum.

Partnership negotiations were more of individual than collective. Several Cameroonian enterprises came with project proposals. Under the pilot ship of Tuskon, many agreements are expected to be signed in due process. Some will be finalized during the Yaounde fair.

The official delegation, which was headed by the Minister of Trade, Luc Magloire Mbarga Atangana, effectively had as mission to present Cameroon and its business potentials as well as measures taken so far to attract foreign investments in the country. These measures were unveiled to the Istanbul deputy councilor during one of the meetings. In effect, brochures prepared to that effect, stating measures taken to facilitate entry of Turkish businessmen into Cameroon, were shared both to Turkish and Cameroonian business people.

At a grand reception organized by Tuskon-TURCABA in one of the sumptuous restaurants at the outskirt of Istanbul, Cameroon's Ambassador to Turkey with residence in Rihad, Mohamadou Labarang, hailed Tuskon for the initiative, stating that trade between the two countries be rendered sustainable.

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