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The Ivorian government adopted Wednesday in the Council of Ministers several tax measures to
promote the transformation of the rubber product (rubber), a sector that has been going through a crisis in recent years
years.
“We currently have a conversion rate of around 55%”. The measures adopted aim to
to increase "the national capacity for the processing of natural rubber in order to absorb all the production
local community", announced the government spokesperson, Sidi Tiémoko Touré, who considers "the needs of
financing" of industrialists to "about 140 billion CFA francs (21 million euros)" to reach the
100% by 2022.
“In addition to other tax incentives, specific customs and tax advantages “will be granted” to
operators intervening in (...) the processing of rubber like those granted to processors
cashew."
The Ivorian sector, which has 200,000 planters and tens of thousands of indirect jobs, is suffering in
due to the fall in world prices (divided by five in three years) but also due to the low rate of
local transformation.
With 800,000 tonnes in 2018, Côte d'Ivoire is the leading African producer and the 7th largest producer in the world
(3%) far behind Thailand (36%) and Indonesia (26%)