Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT RATES :: ACCOUNTING STANDARD :: cpt :: due date for vat payment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd
VAT (Value Added Tax) »
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales
 VAT sops to IOCL Paradip refinery hits Odisha revenue growth
 Government to announce new VAT rates in October
 World Wide Gst, Vat, Sales Tax Rate
 Article on Transition Process of Registrations under VAT / Service Tax Laws to GST Law

Cashew: Processing only way for W.A. to cash in
May, 31st 2008

Cashew, originally  grown in much of West Africa for reforestation and to prevent soil erosion, continues cultivating export and earnings potential for the region.

  ImageLast year, seven West African countries Benin, Burkina Faso, Cote d'Ivoire, Ghana, Guinea-Bissau, Nigeria and Senegal produced over 450,000 metric tons, almost a third of the world's cashew crop (1.65 million tons), and that percentage is rising. As the region assumes new status as a major supplier of raw cashews, investors and industry players are eyeing cashew processing in West Africa as an opportunity to create jobs, income and a value-added product.

West Africa ships the bulk of its raw cashews to India and Vietnam for cracking, peeling, grading and packaging. From there, it is exported to destination markets where it is roasted, salted and packed for retail around the world, particularly to the U.S., the largest consumer of cashews.

Last year, raw cashew exports brought nearly $300 million in export revenues to the region. But processing locally would add an average $350 to each MT, increasing the value to West Africa by 50 per cent, while creating tens of thousands of jobs. Challenges remain from unfavourable legislation in some countries to difficulty in getting competitive financing but the advantages of processing are becoming more widely apparent in the region.

Industry experts said the timing is right for West Africa to invest in processing. As the economies of India and Vietnam diversify and stabilise, other industries, like garments, shoes and toys, will lure workers away from cashew. Labour costs will also rise.

For processing to truly take hold in West Africa, industry sources said, governments must demonstrate support through incentives to help balance high start-up costs, as well as more flexible labour laws. Some West African countries are already on the right track: Nigeria, for example, gives tax credits for processed cashew exports. If the region can take advantage of the moment to process its surging supply, the market will be there, industry sources said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions