Source: ITTO Tropical Timber Market (TTM) Report
In its draft 2022 budget Cameroon included a decision to increase log export tax rates which will allow the country to generate additional revenues. The measure aligns with the CEMAC decision to heavily tax log exports to encourage domestic processing.
Ranece Jovial Ndjeudja, Forest Campaign Manager for Greenpeace Africa has said the tax increase is insufficient to effectively combat deforestation and climate change.
In related news, an initiative to combat deforestation and trade in illegal timber is being launched in the Congo Basin. The Pan African Forest Certification (PAFC) and its partners have created a regional certification scheme for the Congo Basin. The Congo Basin PAFC is implemented with contributions from the Programme for the Endorsement of Forest Certification (PEFC) and the International Tropical Timber Technical Association (ATIBT).
See: CONGO BASIN: the objectives of the new regional forest certification scheme.