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    Cameroon-Governance-Tax

    Congo Basin countries record CFA150bn annual tax loss

    APA-Douala (Cameroon)

    Tax losses sustained each year by countries of the Congo Basin due to the illegal exploitation of forests are estimated at 150 billion CFA francs, according to sources on Wednesday.

    According to Greenpeace NGO, China is the main destination for timber from this illegal exploitation with “about 3 million m3 of logs.”

    Indeed, China is positioned as the first destination of timber exports in the Congo Basin. In these quantities absorbed by the Chinese market, there is a lot of illegally logged wood that is then distributed everywhere via hundreds of thousands of processing plants,” Greenpeace said.

    The NGO noted that “China holds the weapons to solve the problem of illegal logging in the Congo Basin.”

    Apart from the oil most of the countries of this part of the continent produce, timber is one of the main products from which these countries derive their greatest income.

    With the support of Interpol, the illegal timber seized in this region between 2013 and 2015 was estimated at 716 billion CFA francs.

    The Congo Basin groups Cameroon, Central African Republic, Gabon, Congo, Equatorial Guinea and DRC.


    MBOG/od/lb/abj/APA

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