Indonesia To Keep Export License System
Backing off an earlier announcement that Indonesian wood products exporters would no longer need to obtain a license showing the wood’s origin and legality, Indonesia’s Ministry of Trade recently reversed itself after an outcry from wood products brokers. Called “v-legal” (verified legal), the license system was developed years ago after Indonesian log exports came under fire for illegal and unsustainable logging practices. Companies across Indonesia objected to the original announcement in February, claiming it would irrevocably harm exports, lock Indonesian products out of the lucrative EU market and hurt the reputation of Indonesian producers who have worked to improve forestry practices. Under a 2013 agreement, all timber products shipped from Indonesia to the EU must have the v-legal license. Trade groups in the U.S.and Australia had also questioned the announcement. Backers claimed the v-legal process is too expensive, but others noted the move would hamper furniture exports that grew by almost 15% from 2018-19.
Latest News
Foundation Feels Fields’ Goodwill
Foundation Feels Fields' Goodwill The Oregon Community Foundation announced a $150 million gift from the estate of Fred W. Fields, which will...
Arauco Purchases Flakeboard
Arauco Purchases Flakeboard Chile-based Arauco has signed a purchase agreement for the acquisition of 100% of Flakeboard Company Ltd., based in...
Arauco Takes Over Moncure Mills
Arauco Takes Over Moncure Mills Arauco has started production at the panel complex (MDF, particleboard, laminate) it recently acquired from...
NW Hardwoods Sold to AIP
NW Hardwoods Sold to AIP Weyerhaeuser Co. has sold its hardwood lumber business, Northwest Hardwoods, to American Industrial Partners (AIP),...
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!