Since 1990, Cameroonian parliament has adopted a number of texts translating the will to liberalise public life and the economy. Also, for most economic activities, the regime of simple declaration replaced that of prior authorisation.
To improve the legal and institutional frame, in a bid to create an appropriate environment to business, to attract more direct foreign investments, formalities in different administrations have been reduced very much.
The charter of investment of CEMAC signed by member States on 17 December 1999 has come to reinforce this regulatory framework. To this effect, it stipulates that member States shall ensure the promotion of le901 protection, and reinforce the State of law. The community court of justice ensures the rights and duties of treaty creating CEMAC and acts taken in virtue of the treaty.
States adhering to the treaty of the Organisation for harmonisation of Business law in Africa (OHADA), guarantee the application of procedures and orders of the common court of justice and arbitration of this regional institution. They adopt their national laws and their legal policies to the rules and regulations of OHADA.
