Liberia: House Lifts Moratoriurn On Exportation of Unprocessed Rubber

5 April 2024
The New Republic Liberia (Monrovia)

The Honorable House of Representatives- HOR, has unanimously voted to lift the moratorium on the exportation of unprocessed rubber.

It followed a communication from Bong County District #7 Representative, Foday Fahnbulleh.

Representative Fahnbulleh recounted the continuous negative impact and unbearable suffering Liberian rubber farmers and all other actors within the rubber sector are faced with as a result of Executive Order No.124.

According to him, Executive Order No. 124 is actually intended to suffocate rubber farmers and deprive other actors within the rubber sector of Liberia business opportunities.

He said the brokers are the aggregators in the value chain and investment risk bearers.

The Bong County Lawmaker said they invest resources in the smallholders, buying the rubber from them and selling it to big buyers. The ban has also restricted their options to sell, as some of the current buyers' policies do not permit them to buy from aggregators.

It can be recalled an executive order was issued by former President George Weah in November 2023 prohibiting the export of unprocessed rubber or raw latex cup lumps from Liberia.

Share

Read the original article on New Republic.

Tagged:
Copyright © 2024 The New Republic Liberia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.