Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»LACRA Rallies Security Forces, Partners to Curb Smuggling and Safeguard EU Market Access for Liberian Commodities
    Commodities

    LACRA Rallies Security Forces, Partners to Curb Smuggling and Safeguard EU Market Access for Liberian Commodities

    October 22, 20253 Mins Read


    LACRA Acting Boss Mr. Dan Saryee

    Monrovia – The Liberia Agriculture Commodity Regulatory Authority (LACRA) is taking decisive action to protect the country’s economic interests and secure its position in global trade.

     In a series of high-level consultative meetings held at its Freeport of Monrovia office, LACRA addressed two interconnected, critical challenges: the rampant smuggling of key commodities and the urgent need for compliance with the European Union Deforestation Regulation (EUDR).

    LACRA’s first consultative meeting brought together members of the Joint Security, including the Liberia National Police (LNP) and Immigration. The central focus was the continuous illegal export of cocoa beans, coffee, and palm oil to neighboring countries

    Acting Director General Dan Saryee stressed the profound impact of this illicit trade on the national economy. “Cocoa is one of the key sources of our foreign exchange, and in order to grow our GDP, we must ensure it’s not illegally exported to other countries,” said DG Saryee.

    “The foreign earnings we want are based on the volume of exports. We need to work assiduously to ensure we protect what is grown locally.”

    Smuggling, often driven by volatile global prices, directly reduces Liberia’s official export volumes, leading to a loss of critical foreign currency and an understatement of the nation’s Gross Domestic Product.

    It also undermines LACRA’s regulatory mandate and the long-term competitiveness of the sector.

    The Deputy Director General for Operations and Technical Services Apha Gongolee and Acting Deputy Director for Administration and Finance Adophus Forkpa all attended the meeting and made remarks buttressing the Acting Director General.

    Assistant Police Commissioner Prince Saylee and other high-ranking security officers pledged their full commitment to collaborate with LACRA to secure Liberia’s borders and production areas, thereby reasserting state control over its valuable agricultural resources.

    The Joint Security Meeting was followed by a crucial meeting with international development partners, including representatives from the Swedish Embassy, the International Finance Corporation (IFC), and the United Nations Industrial Development Organization (UNIDO).

    The discussion centered on Liberia’s compliance strategy for the new EUDR, a prerequisite for accessing the lucrative European market.

    ​The EUDR mandates that key commodities imported into the EU must be verifiable as “deforestation-free” (not linked to land deforested after December 31, 2020) and have full traceability to the farm plot.

     In response, DG Saryee unveiled LACRA’s strategic roadmap, which includes the establishment of a National Traceability System, initiating a nationwide farm mapping program to collect geolocation coordinates for every farm and developing a mobile application to digitally track farmers, farmland, and farmer identity.

    These integrated steps will ensure that Liberian cocoa, coffee, and palm oil meet stringent international standards, safeguarding market access and positioning Liberia as a reliable and sustainable source of agricultural commodities,” he said. The partners praised LACRA vision for implementing the EUDR regulations.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Trump Lifts Tariffs on Key Commodities Amid Economic Pressures

    Commodities

    WSO’s sustainable certification: a pathway to modern agricultural advancement

    Commodities

    Heavy metal nun band Dogma implode with accusations of “manipulation” and “mistreatment”

    Commodities

    U of T researchers develop ultra-strong, lightweight metal composite that can withstand extreme heat

    Commodities

    Trade deals to boost US ag industry with new market access to Latin America

    Commodities

    Precious Metal Gems: A history of grail cards from Michael Jordan to Batman

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Crypto finds its place in South Africa as retailers adopt digital payments – The Mail & Guardian

    Property

    Like-kind exchanges of real estate: Building on the basics

    Commodities

    Crude oil prices rise despite Trump’s tariffs on trading partners 

    Editors Picks

    Private Real Estate Capital Favors Big Four Asset Classes Over Alternatives: Report – Commercial Observer

    September 29, 2025

    Tinubu Orders Regulatory Watch on Digital Currencies in Nige

    September 9, 2025

    Special legislative session on Colorado property taxes appears imminent

    August 12, 2024

    Garda Diversified Property Fund met à jour son portefeuille industriel à Brisbane -Le 11 mars 2025 à 09:22

    March 11, 2025
    What's Hot

    Korea Technology Prosperity Deal – The White House

    October 29, 2025

    Donald Trump uniformise à 10% ses taxes douanières pour trois mois, mais les augmente pour la Chine – rts.ch

    April 9, 2025

    Reduce dependence on only equities: Stagger your investments in multi-asset funds – Money News

    July 15, 2024
    Our Picks

    Pi Cryptocurrency Falls 2% Amid Market Volatility; Banxa Gets KYB Approval

    May 4, 2025

    Global NPK Fertilizers Market Set to Reach USD 4.87 Billion by 2035, Fueled by Agricultural Innovation and Food Security Initiatives – FMIBlog

    June 25, 2025

    Keir Starmer unveils major US-UK nuclear deal – and makes energy bills promise

    September 14, 2025
    Weekly Top

    Eddie Hearn claims Conor Benn will box Chris Eubank Jr into RETIREMENT in grudge rematch – despite his fighter coming up short in their first bout

    November 14, 2025

    U of T researchers develop ultra-strong, lightweight metal composite that can withstand extreme heat

    November 14, 2025

    S&P 500 Drops 0.1% & NASDAQ Rises 0.2% as Tech Shares Lead a Broad Market Selloff

    November 14, 2025
    Editor's Pick

    ‘Cheapest’ UK town with homes for 5k but there’s one drawback

    November 9, 2025

    High demand expected for winter utility rate assistance | Government

    October 31, 2024

    Heiwa Real Estate REIT émet de nouvelles parts par attribution à un tiers pour financer des acquisitions d’actifs

    June 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.