Domestic Burmese companies can now afford to bid for raw timber since a ban on exporting wood came into force on 1 April, according to the Myanmar Timber Merchants Association (MTMA).
Raw timber export is estimated to rise by 33 percent this year, in the lead-up to a nationwide ban on the commodity, according to the Myanmar Timber Merchants Association.
Business Environment Lead Story News
Burma’s Ministry of Environmental Conservation and Forestry announced six months ago that a ban on the export of raw timber will go into effect on 1 April 2014. The Myanmar Timber Merchants Association has requested that foreign timber merchants cooperate with the government to stop illegal exports.
