Following in the footsteps of its counterparts in the sub region, like Ivory Coast, the government adopted on Wednesday, a decree establishing an export levy on cashew nuts.
Referring to the report of the council of ministers, this action occurred in accordance with article 9 paragraph 2 of the organic law n ° 2014-013 of 27 June 2014 relative to the laws of finances which says: “the parafiscal taxes perceived in economic or social interest for the benefit of a legal entity of public or private law other than the State, the local authorities and their administrative public institutions are established by decree taken from the report of the Minister of Finance and the Minister concerned.”
Cashew nuts gained value in recent times in the sub region, in Africa and in the whole world. However, most of Africa's and the sub-region's productions are virtually exported without any added value.
“The price of finished product of cashews is almost ten times more expensive than cashews bought from producers,” various actors of the sector told agridigitale.
Togo is one of the producing countries for cashew nuts in the West African sub-region. Its production in 2017 was estimated at 9,000 tons, placing the country at last position behind Gambia (12,000 tons) and Mali (41,000 tons).