Reduction of Russian timber duties after negotiations with WTO
Russia will reduce its wood tariffs probably within a year. Russia has given this promise to reduce timber dutis in negatiations to the European Commission in exchange for membership in the World Trade Organization (WTO) according to the Finnish TV Yle.
London-based project management company, Clear Sound & Vision Ltd. (CSV) has announced that they have seen a significant increased in demand from customers for certified material, in particular Programme for the Endorsement of Forest Certification schemes (PEFC) certified packaging material.
Supply and demand in China, New Zealand’s major export log market, appears to be reaching a balance. As such, in-market prices for New Zealand logs in China and Korea have slowed from the rapid rises witnessed through September and October.
