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Watson & Band Import and Export Data Observation reported that according to Gabon news, in the first half of this year, the Gabon Enco Special Economic Zone (GSEZ) exported 17,000 20-foot standard containers, an increase of 34% compared with the 12,700 in the same period last year. Among them, the export value was 108 billion francs, an increase of 55% compared to the same period last year; the main export products were processed wood such as veneer in the Nkok and Ikolo special economic zones

According to Watson & Band data observation, as the Ikolo region invested heavily in the development of the local veneer processing wood industry last year, the region already has its own sawmills and other functional factories, and exported the first one in March this year. single board container.

In recent years, Gabon has attracted other countries and regions to increase investment and development through a series of actions. At the 54th session of the African Economic Community (ECA), the Gabon minister said that Gabon is taking measures, including the establishment of two special economic zones, to speed up the wood processing process.

Currently, a third special economic zone is being established in southeastern Gabon. According to the commitments made by Gabon after signing the Ramsar Convention with 57 other countries, Watson & Band Data Observation reported that in the future, Gabon will establish 9 wetlands in the country to maximize the use of wetlands while protecting the environment. potential value of forests.

In addition to Gabon's increased investment in the local wood industry, in May this year, Gabon announced that it would sign a bilateral trade and investment treaty with India to expand and improve economic ties with India, its third largest trading partner. Under the treaty, India will invest in Gabon's wood industry and other industries.

Huacheng Import and Export Data Observation reported that the six CEMAC countries in the Congo Basin, including Gabon, will officially implement the log export ban on January 1, 2023. However, as early as 2010, Gabon had banned the export of logs. In order to alleviate the decline in income from forest taxation and log exports, Gabon has implemented a series of incentives to encourage local wood processing industries and create employment opportunities, and through this, attract foreign investors to invest in Gabon.

It is understood that deforestation in Gabon has been greatly reduced today, but more value has been created and more local employment opportunities have been created. At present, there are 166 wood processing plants in the Nko Economic Zone of Gabon, mainly from Asia, Europe and Africa.

According to Huacheng Import and Export Data Observation Report, Gabon can be said to be a good example for countries in the Congo Basin. With Gabon's successful demonstration, it is expected that after the official implementation of the log export policy, the other five countries will refer to Gabon's experience to further implement tax incentives in the wood processing industry and provide more trade opportunities for the export of wood processing products.