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21.04.2023
ITTO has published its report on tropical timber markets for the first half of April.
The main topics are the continued decline in US hardwood plywood imports in February 2023 (these having fallen by -12% during the month to reach a level -63% lower than that of February 2022); the brochure produced by ATIBT jointly with the LCB Tropical Timber Commission decoding and comparing the EUDR (European Union Deforestation Regulation) with the EUTR (European Union Timber Regulation), thus making it possible to apprehend the evolutions and to prepare for them; the much greater role of EU regulatory authorities in the implementation of the EUDR (greater role of customs authorities, implementation of a new "information system" by the European Commission, imposition of minimum inspection levels, creation of an "EU Observatory" to facilitate access to supply chain information by public entities, consumers and businesses, etc.). ).
ITTO report also refers to the disappointment of the Association of Ghana Industries (AGI) following the adoption by the Ghanaian parliament of three new revenue bills, which the government says are part of efforts to meet the criteria of the International Monetary Fund (IMF) to qualify for a bailout package. From his perspective, Seth Twum-Akwaboah, executive director of the AGI, says the passage of these bills has devastating consequences for the industry at a time when the business climate is already difficult and the tax regime does not motivate local production.
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