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CEMAC Trade Exhibition

Merits Of Sub Regional Cohesion

T he eighth edition of the  trans-border trade fair  for the Central African  Economic and Monetary  Community, CEMAC, codenamed;  FOTRAC (Foire Transfronteliére  Annual de la CEMAC) will hold  from June 23 to 5 July, 2017. In  the past, the event opened to  friendly countries like Senegal,  Niger and Benin. The confluence  nature of the host town, Kye-ossi, South Region of Cameroon  that borders CEMAC countries  of the Central Africa Republic,  Gabon and Congo-Brazzaville  gives the gathering a unique  touch of a regional grouping. Ahead of the get-together, government officials in Cameroon  led by the Minister of Trade,  Luc Magloire Mbarga have been  fine-tuning preparations to provide befitting welcome to their  guests. Looking at thousands  who attended the last such event  with Democratic Republic of  Congo,  Gabon,  Senegal  and  others, the same trend could  be  repeated  this  year.  Most  Small and Medium-sized Enterprises that showed up for the  trade fair not only made brisk  business selling their articles  at the exhibition village, but  equally made useful business  contacts.  Female groups and individual  business actors dealing in items  such as; dresses in dye form  and local cotton fabrics, arts  works, food items, handicrafts,  trade-practitioners with locally  made herbs, local laboratories  struggled to outdo each other  at the exhibition.  With exact figures on either  the take home package for the  traders or the number of participants in former editions, the  sustained organisation of the  event not only demonstrates  the interest and attractiveness  of the event, but also a sense of  togethernees required within  the CEMAC and beyond. Each  exhibitor took home not less  than FCFA 100,000 from the  commercial interaction opportunities that they had mostly  through  direct  sales  of  their  products  and  the  occasion  equally  helped  in  attracting  business partnerships. The boisterous transformation  that the arrival of peoples from  diverse parts of the sub-region  and beyond augurs well for intra-Africa trade which several  experts have repeatedly urged,  especially CEMAC member countries to engage in. Unfortunately, some countries are still  feet-dragging on the issues and  think that their nationalistic interest can only best be served  as they go solo. Modern trends  have highly been against such  solitary approach to development and progress across the  globe and the creation of economic blocs has incontestably  proven to work better, especially in countries like CEMAC  sub-region that are still lacking  in industrialisation. Being aware  of the importance of business  partnership has been a driving  force that Cameroonian authorities would want to pursue no  matter the odds. This is certainly  what FOTRAC is out to achieve.

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