As the effects of the China-US trade war continue to intensify, countries around the world are adjusting in face of the new opportunities and challenges. ITTO shares more on the latest happenings around the market.

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Latest economic data is showing signs of vitality and governments around the world are stepping up their efforts to expand key sectors to grab market share. Once again, certification has become a double-edge sword that hinders development in some places, while bringing both tangible and intangible benefits in others. With Ligna just around the corner, ITTO gives us a timely look at the European timber market.

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Import of wood and wood products grew, but the uncertain economic outlook continued to weigh on the sentiment in some markets; countries continue to show their intent in eradicating illegal logging, and different stakeholders are working together on certification and policy-making; on the trade front, countries are strengthening their trade relationships amid the turmoil between the US and China. ITTO gives us insights on the happenings around the world. 

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While various countries have developed different plans and roadmaps for their timber industry in preparation of the challenges and opportunities ahead, uncertain economic outlook continues to curb the enthusiasm of many for 2019, with events such as the ongoing trade war between China and the US, and Brexit, set to have a great impact on businesses in the year ahead. ITTO tells us more.

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At the recently concluded 54th Session of the International Tropical Timber Council and Associated Sessions of the Committees, stakeholders urged for more cooperation in promoting the benefits of sustainably produced tropical timber in consumer markets in order to combat the decline in market share. By ITTO

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While the trade war between the US and China has yet to directly implicate the furniture market, China’s export of wood products have increased amidst concerns of potential tariffs in the future. At the same time, the Chinese domestic market is also facing challenges from cooling measures in the local property market. ITTO tells us more about the latest happenings around the world.

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Depreciating currencies against the US dollar is slowing affecting the furniture and wood-based product markets; material and product certification remain a priority; while research for alternative, sustainable materials to wood has intensified. ITTO shares more about the happenings in the wood industry around the globe.

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Travelling is time consuming and costly, but such trips are justifiable by the valuable information they provide. By Michael Hermens, APP Timber

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The EU is stepping up its efforts to ensure implementation of FLEGT, but EU’s wood imports and exports have been on the rise; shortage of raw materials and volatile foreign exchange rates are affecting the wood sector in some Asian countries; while China’s trade is expected to expand further as the result of the “One Belt, One Road” initiative. ITTO tells us more about timber markets around the world.

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2018 seems to be a year of further growth, but policy challenges and market consolidation may cause disruptions in the tropical timber markets around the world. To start off the year, ITTO shares insights on the happenings in different countries and regions.

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