The Forest Department of Myanmar has recently announced a deadline for raw log exports through Yangon ports.
The deadline is midnight on March 31, according to the department. It will allow timber to be loaded onto ships docked at Yangon ports until that time.
As of April 1, the government will only allow the export of value-added finished wood products, completely stopping raw log exports on that date.
“According to the deadline, trucks coming late to the ports will not be allowed to load,” said an official from the Myanmar Port Authority.
Asia-based companies are in discussions to build factories here that will produce value-added finished wood products, as Myanmar is stopping raw log exports this year.
In 2003, the Myanmar Investment Commission allowed India-based Greenply Industries (Myanmar) Limited to start manufacturing finished wood products.
The Ministry of Forestry and Environment Conservation said that investments are coming soon from the U.S and Europe to build wood product factories in Myanmar.
Source: ELEVEN Myanmar