Liberia: Timber Assciation Threatens Anti-Forest GOL Letter of Intent

Oct 14, 2014 | Edwin M. Fayia III, AllAfrica
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Barely two weeks after the Liberian Government's 'Letter of Intent' agreement with the Norwegian Government, the Liberia Timber Association (LTA) has threatened legal action to reject the agreement before ratification by the National Legislature.

The Liberian Government about two weeks ago signed a 'Letter of Intent' with the Kingdom of Norway whereby GOL consented to undertake measures to preserve Liberia's remaining forests in return for a compensation of US$150 million from Norway.