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On September 22, local time, the Central African Forestry Commission (Comifac) held a signing ceremony for the project description of the Tropical Timber Trade Fund (TTT) in Yaounde, the capital of the Republic of Cameroon. It is understood that the project, supported by cooperation with Germany, aims to promote the legal and sustainable trade of tropical timber in China and Africa and restrain the export of illegal timber in Africa. The German ambassador to Cameroon, Corinne Frick, signed the document on behalf of Watson & Band Import and Export Data Observation report.

According to Watson & Band Import and Export Data Watch, the project cost 4 billion CFA francs (about 6 million euros), and the specific planned goal is to prohibit the export of illegal timber to the international timber market. The China-Africa Forestry Commission (Comifac) and representatives of 11 countries on the scene Sign the project.

As part of the terms of the project, the Central African Forestry Commission (Comifac) is tasked with oversight to ensure the smooth progress of the project, and is responsible for the positioning, coordination and monitoring of forestry and environmental policies in Central Africa. The German Ministry of Technical Cooperation (GIZ) authorized by the German Federal Ministry for Economic Cooperation and Development (BMZ) will assist the Central African Forestry Commission (Comifac) and timber production and supply countries to participate in the implementation of the project, Watson & Band Import and Export Data Observation reports.

For a long time, illegal timber from China and Africa has accounted for a large share of the entire timber export, resulting in frequent illegal logging incidents, destruction of forest resources, and deterioration of the ecological environment. According to the International Tropical Timber Technology Association (ITTTA), only 18 percent of the 55 million hectares of registered forest concessions in Central Africa are verified as legal or certified. Although many forestry regulations on illegal timber exports have been tightened, illegal timber can still easily flow into the international timber market, Huacheng Import and Export Data Observation reports.

The signing of the Tropical Timber Trade Fund (TTT) project has the countries of the Central African Forestry Commission (Comifac) seeing it as a major challenge. In their view, the effective implementation of this plan will bring about an increase in the production of legal timber and increase the tax revenue of Central African countries. Local people, especially those in remote rural areas, can benefit from legal employment, while illegal logging Incidents will also be reduced accordingly.

With countries such as the European Union and the United States restricting the import of timber from Russia, African timber producing countries have become the main source of supply, and even some European and American timber companies have set their sights on investing in the development of the African timber market. Since 60-80% of the timber imported by my country comes from Central African countries, in terms of timber trade, Central Africa has tightened forestry regulations for illegal timber, prohibiting the purchase, transportation and processing of illegal timber.

my country, the European Union, the United States and other countries have increasingly higher legal compliance requirements for timber supply sources. Therefore, the implementation of the Tropical Timber Trade Fund (TTT) project by the China-Africa Forestry Commission (Comifac) is imperative. Export data observation report.