Myanmar’s export volume may fall with introduction of new regulation

According to the MyanmarTimes, a spokesperson from the Ministry of Natural Resources and Environmental Conservation, U Win Zaw, said the volume of timber that can be exported is likely to decline beginning May this year.

The MyanmarTimes reported that, “Only timber cut from logs sold by the state-owned Myanmar Timber Enterprise (MTE) which contracts out much of its cutting activity is eligible for export. MTE sells timber monthly through a tender system, with separate tenders in kyat and US dollars.”

U Win Zaw also announced that beginning May 2017 only logs purchased in US dollars can be processed for export.

Source: ITTO