#BetaPipol The decision was signed on November 16 by the Minister of Finance, Louis Paul Motaze. It runs until February 28, 2022 and may be extended if necessary.
It stipulates that “the amount of freight to be integrated in the customs value of goods imported by sea is affected by a reduction of 80% of the total amount actually paid or payable for the delivery of such goods , in the context of the unprecedented increase in the cost of international freight transport.”
The Minister of Finance specifies that the General Managers of Customs and the General Supervisory Society (SGS) are called upon for the effective application of this decision.
From now on, imported goods experience a reduction in the price of their customs clearance by 80%.
This measure aims to control the effects of the exponential increase in international sea freight. But above all to dispel the threat to the availability of consumer products.
We remember that faced with this increase in international sea freight, the Groupement inter patronal du Cameroun (Gicam) threatened on November 9 to suspend the production and import of consumer products from January 2022.
The government’s decision is therefore a response to requests from the private sector.
Mechanically, this measure allows importers to control their production and import costs, and to pass on the prices approved for products by the State on the market. In principle, we should no longer witness the inflation of consumer products until February 2022.
Because this inflation was justified by the high cost of international freight. According to the customs, this reduction of 80% of the import price will cause a loss of earnings to the State of more than 400 billion FCFA in three months.