CMR to boost public revenue via border trade centers

The government has just signed a "decree bearing creation, organization and operation of the trade centers in the border areas" with a view of improving public revenue and to fight against smuggling and customs and tax fraud

Prescribed by the financial law of 2011, the creation of these trade centers should contribute to the reduction of losses caused by fraud and smuggling as well with the customs administration as to the companies estimated at 225 billion francs CFA per annum by the craft and mine industry, industry, Chamber of Commerce (CCIMA).

The governmental text which carries the signature of the Prime Minister Philémon Yang created and organized "single points of entry of goods in the frontier localities of the hinterland, of stores or surfaces of taking out of bond arranged within the framework of a partnership between the customs administration and the common interested parties".

In its article three, it is specified in particular that the purpose of these structures are "to fight against fraud and smuggling, by the implementation of means suitable to allow the securisation, the organization, the facilitation and the regulation of foreign trade in the frontier localities".