Word of the Partner in Charge
The Investment Report in the world (2015) of the United Nations Conference on Trade and Development (UNCTAD) revealed that the flow of Foreign Direct Investments (FDI) abroad and in Africa remained stable during the 2014 year, reaching $ 54 billion, as in 2013. As a result of this stability and the overall decline in investment, the share of Africa in total FDI increased slightly, from 3.7 percent in 2013 to 4.4 percent in 2014. This is despite the overall negative trend in the world (in fact, FDI inflows declined by 16 percent, falling to 1,200 billion US dollars in the year 2014). Africa retains its attractiveness hence the need for African States and especially those in sub-Saharan Africa continues to improve their business environment to ensure better economic performance.
CEMAC members States have understood this new data; it was launched in a dynamic of modernization of its legal gadget. This vast project is materialized by diverse revisions and renovations of old legislations; but especially by stowing to modern norms edited by international organizations such as the WTO, WCO, IMO, etc.
However, the discounted results will only be achieved if an engineering offer and high-level legal expertise support is available to accompany economic operators. To those residing, this offer must be adapted to current and future evolutions, the public administrations, the customs regulations and foreign exchanges, the tax regulations and the business environment.
The advent of the Uniform Law OHADA (OHBLA) in the two economic areas of West and Central Africa (CEAMC and ECOWAS) as well as the major reforms of Community texts put it into practice (Customs Code, Foreign Exchange Regulations, the Merchant Shipping Code, Investment Codes, Oil and Gas Codes, etc.), with the prospect of securing the investments, have intensified this need of engineering.
To this, should now be added the package of texts that constitutes the New Cameroonian Customs Norms which is put into place in a progressive manner for some years. It means in effect the entry into force of the following recent texts: Economic Partnership Agreement EU-Cameroon stage, the Agreement on foreign exchanges facilitation in the WTO, the law governing foreign trade in Cameroon, the Revised Kyoto Convention, the PECAE, the Circular IMO concerning the weighing of containers before loading (SOLAS), the new scanning of goods procedures, etc.
In this context, the Zoll & Legal Cabinet is a measured response to the deficiency of expertise observed for a long time in customs matters, foreign exchanges regulations, indirect taxes, investments, Community law and energy law in this part of the world. Loyal to its logic to provide to importers, exporters and investors customs and legal techniques, susceptible to permit them to secure and optimize their business, Zoll & Legal goes for the challenge to bring you the other advice, the other assistance and the other audit in these domains.
We are convinced that the African hand of expertise on Africa projects or for Africa is an essential data in your objective of secured growth.
The challenge of our next decade is to provide to our dear customers an innovative service, of high level quality, adapted to its development needs. I take this challenge with enthusiasm and conviction because, behind me, it’s a solid block of dynamic and convinced collaborators, enjoying a strong international, national and African experience, which is at your service.
We wish you welcome and hope to hear you tell us years after years that you have had a lot of pleasure in seeing us assist you.