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While Cameroon has experienced steady economic growth over the past 20 years, and is the largest economy in the Central African Economic and Monetary Community, the country is challenged by low consumer purchasing power, high food inflation, and a difficult business enabling environment.
On May 5, 2022, trade and finance ministers from East African Community (EAC) member countries agreed to raise minimum common external tariffs from 25 to 35 percent on several agricultural products.