Cameroon remains largest sawn wood exporter to the EU
Yaounde, Dec. 7, 2018 (AltAfrica)-Cameroonian sawn wood exports towards the European Union (EU) kept a strong pace in the third quarter this year, the International Tropical Timber Organization (ITTO) revealed in this September 2018 report.
“A significant amount of tropical sawn wood arrived into the EU from Cameroon in the third quarter of 2018, taking the total import from that country in the first nine months to 186,500 MT, almost exactly equivalent to the same period in 2017,” the report read.
Meanwhile tropical sawn wood imports from nearly all other leading suppliers were stronger in the first 9 months of 2018 compared to the same period last year, including from Malaysia (+14% to 81,600 MT), Brazil (+20% to 73,700 MT), Gabon (+19% to 70,800 MT), Congo (+6% to 34,800 MT), Indonesia (+82% to 12,700 MT), Ghana (+8% to 11,000 MT), DRC (+7% to 9,700 MT) and Myanmar (+64% to 6,900 MT).
These gains offset declining imports from Côte d’Ivoire (-9% to 21,000 MT) and Suriname
Meanwhile, in recognition of a strong trade relationship between Cameroon and the European Union, the European Investment Bank (BEI) is to invest in the Cameroon-Chad electricity interconnection project
Andrea Pinna, BEI’s Head of Regional Representation for Central Africa, announced during a recent site visit to the Lom Pangar dam, Eastern region; a CFA20 billion facility funded by the European bank.
“Cameroon has a huge potential, one of the strongest in Africa. The Sanaga River alone generates over 6,000 MW. This project is an opportunity for the country to become a power exporter and it implies the need for interconnection lines with neighbouring countries. One of BEI‘s focus lines is the Cameroon-Chad project,” he said.
Under this project, a 700 km power transmission line linking Ngaoundéré and Maroua, in Cameroon, to Ndjamena, in Chad will be set. As well, a 250 km link road between Maoua (Cameroon) and Mogrom and Ndjamena (Chad) is planned. Back in 2013, the African Development Bank (AfDB) partly funded the project’s feasibility studies.