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

    Simple task will ‘reduce energy bills’ ahead of cold snap and it’s totally free

    Commodities

    Gulf Navigation Holding receives approval from the Securities and Commodities Authority

    Commodities

    Nigeria, Morocco deepen agricultural ties with new livestock and agribusiness cooperation framework 

    Commodities

    US exempts 200+ agricultural products from reciprocal tariffs

    Commodities

    Laos aims to boost agricultural production, strengthen competitiveness

    Commodities

    Trump Lifts Tariffs on Key Commodities Amid Economic Pressures

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    South Africa’s agricultural exports hit record in 2024

    Investments

    A new breed of UK property investor: Strategic, socially conscious and optimistic

    Stock Market

    Algonquin Power & Utilities Corp. nomme Noel Black directeur de la réglementation et des affaires extérieures

    Editors Picks

    Time to sell U.S. property? Read this before you list it

    April 21, 2025

    XAG/USD flat lines around $37.00; bearish potential seems intact

    August 3, 2025

    revivez le court succès des Merengue de Mbappé contre les Colchoneros de Griezmann

    March 4, 2025

    John Wood hosts open house at new agricultural center in Baylis

    October 14, 2024
    What's Hot

    3 Magnificent S&P 500 Dividend Stocks Down 20% to 33% to Buy and Hold Forever

    May 25, 2025

    City of Lincoln proposes ordinance to protect older adults from cryptocurrency fraud

    October 9, 2025

    Gold reaches another record high

    October 18, 2024
    Our Picks

    Popular western suburb named one of SA’s most opportune suburbs for investors

    August 15, 2024

    Indian stock market: Nifty 50 snaps losing streak, tops 24,600. Can it reach 25k level again?

    August 3, 2025

    Agricultural, Non-Agricultural Commodities Receive Due Attention

    July 27, 2024
    Weekly Top

    Europe ‘still the centre’ of fintech despite Revolut’s possible US IPO

    November 14, 2025

    Wiltshire named the ‘new Cotswolds’ by property experts

    November 14, 2025

    St. Paul City Council set to make final vote on cryptocurrency kiosk ban next week

    November 14, 2025
    Editor's Pick

    UK Metal Industry Warns of Factory Closures and Mass Job Losses

    September 24, 2025

    Elles peuvent “ingérer des particules de métal ou de plastique”… Des tortues menacées sur une plage mexicaine à cause de SpaceX

    July 2, 2025

    Property sales slump. High interest rates, uncertainty are to blame

    September 11, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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