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Special sectionsIn the news | Import/export news Ivorian leader extends ban on cocoa exportsABIDJAN, CÔTE D'IVOIRE: Alassane Ouattara, internationally recognised as the winner of Ivory Coast's disputed presidential election, on Tuesday, 22 February 2011, extended a ban on cocoa exports, a cornerstone of the economy, to 15 March. The ban is part of a bid to pressure outgoing president Laurent Gbagbo to relinquish power. "The government informs economic operators that the measure suspending exports of coffee and cocoa is extended until March 15, 2011," Ouattara's prime minister Guillaume Soro said in a communique. Flouting the ban could result in "national and international sanctions," the statement said. Ouattara ordered a one-month halt to cocoa exports from Ivory Coast, the world's biggest producer of the commodity, on January 24 in an attempt to choke off funding for Gbagbo. Ivory Coast has been divided since Gbagbo refused to step down after presidential elections on 28 November 2010 that were won by Ouattara according to the country's election commission and the international community. Ivory Coast accounts for 40% of global cocoa supplies, valued at US$4.5 billion (€3.3 billion) a year at current prices, according to London's Financial Times. Cocoa prices have risen almost 10% since Ouattara imposed the ban. Source: AFP SOURCE I-Net BridgeFor more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions. We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
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