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· The Central African Economic and Monetary Community is focusing on the local processing of wood to create more value to the products and to generate more employment
· Hence, it has imposed a ban on export of logs
· The measure is due to come into force in January 2022
The Central African Economic and Monetary Community is focusing on the local processing of wood to create more value to the products and to generate more employment. . Hence, it has imposed a ban on export of logs. The measure is due to come into force in January 2022.The rules stipulate that the 1st, 2nd and 3rd transformation of wood is a priority within member countries. These processes will not only add value to woods while exporting but also generate a number of employment.
Cameroon’s Forestry and Wildlife Minister Jules Doret Ndongo chaired a meeting of ministers in charge of forests, industry and environment in Central Africa some time ago. The members present validated the decision prohibiting the export of timber in the form of logs by all the countries of the Congo Basin from January 01, 2022.
Special Economic Zones (ZES) will be created to set up the 1st, 2nd and 3rd wood processing industries on the lines of Nkok, in Gabon. The ministers also validated the need for establishing the Regional Committee for the Sustainable Industrialization of the Timber Sector in the Congo Basin (Crib) as well as the regulation on the development
of forest plantations.
The Central African Economic and Monetary Community (CEMAC) is made up of six States: Gabon, Cameroon, the Central African Republic (CAR), Chad, the Republic of the Congo and Equatorial Guinea. The grouping has a total population of about 37 million. CEMAC is one of the Central African regional Communities established to promote cooperation and exchange among its members.
The primary mission of CEMAC is to promote harmonized development in its member states in the framework of a common market. Its objectives is to: – strengthen competitiveness of economic and financial activities by harmonizing regulations that govern them; – ensure the convergence toward sustainable economic and financial performance by coordinating economic policies and rendering national budgetary policies consistent with the common monetary policy; – create a common market based on free mobility of persons, goods, capital and services; – assure coordination of national sector policies in the following areas: agriculture, livestock, fishing, industry, commerce, transport, telecommunications, energy, environment, research, education and professional training; implement common actions and adopt common policies.
