ANNOUNCED AS TEMPORARYNo
Cote d'Ivoire will reduce export taxes on cocoa (its highest foreign exchange earner) in the 2009/10 season by 5% from CFA francs 220/kg to CFA francs 210/kg. This is aimed at meeting the debt relief terms of the World Bank. Taxes on cocoa in Cote d'Ivoire are among the highest of cocoa-growing countries.
Also, cocoa registration duties will be reduced to 5% from 10% of the bean price, CIF inclusive.
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