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Independent report on trade misinvoicing available

In July 2016, UNCTAD published a report entitled “Trade Mis-invoicing in Primary Commodities in Developing Countries: The cases of Chile, Cote d’Ivoire, Nigeria, South Africa and Zambia.”

This report contained serious accusations.

At the time, the Chamber, SARS and Stats SA questioned the veracity of the report and its conclusions. The Chamber commissioned an independent inquiry by economic consultants Eunomix.

The final report is now available.

Given the lack of rigour and unreliable methodologies used in UNCTAD’s report which the Chamber previously pointed out to the UN agency, the Chamber of Mines again calls on UNCTAD to withdraw this report and acknowledge its shortcomings.