News archive

Tag: trade

Closer trade ties between India and Thailand’s wood industry with signing of MOU

15-10-2019
Thailand, India, MOU, signing, rubberwood, Thai Hevea Wood Association, Association of Furniture Manufacturers & Traders (India)

Despite the poor prospects for exports, Thailand remains hopeful that exports to India will grow by 8 per cent this year, reported Bangkok Post. Commerce Minister Jurin Laksanawisit, led a Thai delegation to Mumbai and Chennai from 24 to 28 September said Thai products remain promising in India for food, cosmetics, furniture and decorative …

Malaysia expands tax incentives to attract more overseas companies to set up hubs

09-10-2019
Malaysia, tax incentive, regional business, trade war, U.S., China

Malaysia will be expanding tax incentives for companies shifting to the country to set up regional or global business, reports Reuters. Effective as early as this year, companies eligible for the government’s Principal Hub (PH) incentive will be able to enjoy a 10% tax rate for their operations instead of the wider corporate tax rate of …

Editor’s pickReclaimed wood becomes a source of legal timber in Thailand

25-09-2019
EU FLEGT, Thailand, reclaimed wood, reclaimed timber, old wood, legal, sustainable, recycle, trade

Reclaimed timber is contributing to Thailand’s local economy and becoming an important livelihoods source. Timber from old houses that have come to the end of their lifecycle are being bought by traders and turned into a thriving business, announced the EU FLEGT. Workers dismantling a wooden house piece by piece, rescuing all teak wood …

Editor’s pickWith Change Comes Opportunity -- An interview with Udo Mauerer, Vice President of HOMAG Asia/Pacific and China

24-09-2019
Udo Mauerer, HOMAG Asia, Vice president, Asia market, China, trade war, cross border activities, woodworking machinery, timber, wood, Southeast Asia

As the trade war continues to wage between the U.S. and China, it has generated new and unexpected opportunities for HOMAG ASIA. Udo Mauerer, the newly appointed vice president of HOMAG Asia/Pacific(APAC) & China since March, is coming onboard well-prepared and with great insights of the market.  He has been with HOMAG since 2002, with …

Softwood lumber trade was up 5% the first half of 2019 on a worldwide basis, with China reaching record-high imports in the 2Q

17-09-2019
Global lumber trade, softwood, lumber prices, lumber market, China, Russia, Nordic, MENA

GLOBAL SOFTWOOD LUMBER TRADE Demand for lumber in China, the United Kingdom, Egypt and the Netherlands increased this year despite a slowdown in the global economy. Global softwood lumber trade was up just over five per cent year-over-year during the first half of 2019, according to the Wood Resource Quarterly. Of the major importing countries …

Global Log War hurting New Zealand

04-09-2019
New Zealand, Log war, trade agreement, log market, inquiry

The country's wood processors say the international log price war and protected overseas economies are crippling the New Zealand trade, reported Radio New Zealand. The Wood Processors and Manufacturers Association told a meeting in Nelson that distortions in international trade were starting to make it difficult for local processors to be …

A complete ban on Russian timber exports to China looks inappropriate, said Head of the Russian Ministry of Industry and Trade

03-09-2019
Russian timber export, illegal logging, China, Denis Manturov, Russian Ministry of Industry and Trade

A complete ban on the sale of Russian timber exports to China looks inappropriate, since illegal logging is an internal problem of the country, said the Head of the Russian Ministry of Industry and Trade Denis Manturov, RIA Novosti reported on 19 August. Manturov was responding to comments made by Dmitry Kobylkin, Russia's minister of natural …

U.S. slaps duties on $4.4 Billion of Cabinet Imports from China

02-09-2019
Wood cabinet, wood, vanities, imports, China, duties, American Kitchen Cabinet Alliance, unfair trade

$4.4 billion worth of imported cabinets is the next item to join the long list of Chinese goods slapped with U.S. levies in the U.S.- China trade dispute, reported Bloomberg. The Commerce Department said on 6 August that  it will ask the U.S. Customs and Border Protection to collect cash deposits from importers of the wooden cabinets and …

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