A property rights solution to tree poaching in Liberia:
[T]he elected government of Harvard-trained President Ellen Johnson Sirleaf has signed a deal with the European Union to place timber sales on a permanently legal footing. The deal, agreed to this month, makes use of a unique national timber-tracking system that requires every legally harvestable tree and every cut log to carry a barcode that will enable it to be tracked from its origin to its final destination.
…Every tree in a forest with a logging concession must be tagged with a unique barcode. When that tree is cut, the action is recorded and new tags are attached to each log. Every log that turns up at a port has to be traceable back to a stump in a forest. It’s as simple and as foolproof as checking out at the supermarket, says Ivan Muir, the local boss of SGS, the Swiss specialists in forest certification systems who are in charge of making it happen. Muir also issues export permits for the timber — which mostly gets turned into furniture and paneling — and monitors royalty payments to the government.