Southeast Asia is pose for new trade opportunities with the Regional Comprehensive Economic Partnership; governments across Asia are helping their industries stay competitive amid the current economic uncertainties; wood industries around the region continues to move towards certified and green production, ITTO shares more about the happenings in Asia.

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The global market is affected by economic uncertainties such as the trade war between China and the US, and the imminent Brexit. Southeast Asian countries are bracing themselves for the changes ahead, especially with new traction on the implementation of the certification programs. ITTO tells us more about the happenings around the global wood market

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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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