BERLIN/YAOUNDÉ | | kamerun

BERLIN/YAOUNDÉ (Own report) - The EU's Economic Partnership Agreement (EPA) with Cameroon, soon to be implemented, will drive this African country deeper into poverty, Yvonne Takang, Executive Secretary of the Cameroonian civic organization ACDIC explained in an interview with german-foreign-policy.com. The Economic Partnership Agreement, ratified under pressure from Brussels last year in a hush-hush operation, will endanger Cameroon's "agriculture and regional integration," warned Takang, and hamper the country's industrialization. She also signaled resistance to the agreement's implementation. Since 2002, the EU has been seeking to conclude EPAs with former European colonies in Africa, the Caribbean and Pacific (ACP) regions to open markets for European businesses, create attractive investment opportunities, and secure imports of cheap raw materials. The planned deregulation will leave the weaker national economies in Africa unprotected. A well known example of the negative consequences is the local chicken production in Ghana, which virtually collapsed after this West African country opened its markets to European - including German - poultry exports. German slaughterhouses, on the other hand, benefitted, significantly increasing their chicken exports and profits. more…