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According to a report on the Cameroon business website on August 3, 2021, the six countries of the Central African Economic and Monetary Community (Cameroon, Republic of Congo, Gabon, Chad, Central African Republic and Equatorial Guinea) originally planned to implement the ban on log exports starting time (January 2022). January 1) will be postponed.

On July 28, 2021, the member states of the Central African Economic and Monetary Community and the Democratic Republic of the Congo decided at a meeting of the Ministers of Forests, Industry, Environment, Economy, Planning, Finance and Budget held by video conference: the original plan will be January 1, 2022. The full ban on the export of logs will take effect one year later.

Picture above: Member of the Central African Economic and Monetary Community (Cemac)

Specifically, the log export ban has been postponed for one year, so it should not be implemented until January 2023.

In fact, we understand that the Central African Economic and Monetary Community countries intend to establish a transitional period from January 2022 to December 2022, so that the locals have sufficient initial experience in the maturity of wood processing investment projects, which can also be regarded as Congo. Part of the first stage of the process of banning the export of logs in the basin subregion.

"In the first phase, each country has identified two special economic zones for the establishment of the first, second and third levels of wood processing industries and two forest plantations. It should be remembered that this form of forest plantation The economic, social and ecological positive effects of protecting the ecosystem of the Congo Basin are considerable,” said Zuvalan Antoine Denbi, Director of Industrial Development, Minerals and Tourism of the Central African Economic and Monetary Community Commission, as explained above.

Below: Timber logging and transportation in the Congo Basin

In addition to expecting to wait for the maturity of investment projects, the committee also stated that this is to support forest managers to make relevant and cumulative preparations under the new situation.

"From January to December 2022, in order to prevent such drastic expressions of changes in production and trade types caused by policies and to put companies in the industry into trouble, the Cemac Committee has assumed the responsibility of supporting countries to promote the above changes. It will With the support of the Asian Development Bank, the feasibility studies of 28 identified projects are funded to assess their maturity,"

Denby said that he plans to establish a unified forestry taxation system in the region, as well as an evaluation of corporate assistance measures.