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Cote d'Ivoire incentivizes cashew processors

Ivory Coast

<p>Côte d’Ivoire wants to speed up the local processing of cashew nuts.</p> <p>The Council of Ministers issued an order granting new tax incentives to entrepreneurs who process cashew nuts during the meeting on 3rd July according to Ecofin agency.</p> <p>Cashew nut processors in Côte d’Ivoire will be exempted from customs duties and <span class="caps">VAT</span> on purchases of equipment and spare parts for a period of 5 years.</p> <p>and f or five years, these entrepreneurs will also benefit from “the granting of tax credits to companies, developing their activities by increasing or modernizing existing installations”.</p> <p>Côte d’Ivoire, which processes barely 10% of cashews wants to increase this figure to 50%.</p> <p>World leader in nut production, Côte d’Ivoire is projecting a production of 730,000 tonnes this year</p>

Côte d'Ivoire wants to speed up the local processing of cashew nuts.

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