Next October 3-4, Douala will host a trade fair to build relationships between Cameroonian and Turkish businesses. The event is organized by the Turkish and Cameroonian Businessmen's Association (Turcaba), whose management was received today by the Minister of Trade, Luc Magloire Mbarga Atangana.
According to the Cameroonian government official, the upcoming fair aims to create joint ventures between Cameroonians and Turks. "It's not a question of remaining locked into the classic scheme of selling or buying, importing or exporting. The new world demands shared risks. Hence the idea of taking the opportunity of this meeting to create local added value through the establishment of joint ventures,” the Minister of Trade says.
Some thirty Turkish companies are expected to attend the fair. Fabrice Funiba, President of Turcaba, points out that these companies operate in a variety of fields, including construction, steel, and chemicals. "What we want beyond all this is for these meetings to give rise to joint ventures to boost local investments,” he says.
According to the executive, local businesses need to build on the experience of “proven industry references” to improve the quality of their various industries to be able to compete on the international stage.
The trade fair was announced just weeks after a delegation of Cameroonian business executives attended the inauguration of a lithium battery plant in Ankara last August 29. The factory was inaugurated by Turkish President Recep Tayyip Erdogan.