NEWS

Vietnam exported timber and wood products worth $8.38 billion in the first nine months of 2020, up 11.2% vs. one year ago. Shipments to the U.S. exceeded $4.19 billion in the first eight months of 2020, an increase of 27.4%.

Resource:

VietnamPlus: Wood product makers told to take actions to optimise US market

The Woodstock Consortium, which represents nearly 60% of all EU production of birch plywood, has filed an antidumping complaint against Russia. The complaint presents evidence of a high level of dumping, ranging from 23% to 84%, from July 1, 2019 to June 30, 2020.

Resources:

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue XIX: U.S. Opens Investigation Into Vietnam's Trade Practices | Howlett Addresses International Trade Commission | U.S. Appeals WTO Ruling On Canadian Lumber | Dutch Authorities Block High-Risk Imports Of Chinese Plywood | Putin Demands Ban On Some Wood Exports

The U.S. Trade Representative initiated an investigation into Vietnam's trade practices on October 2. The USTR will look into two issues: how Vietnam has imported and used timber, which the USTR says was illegally harvested and traded, and whether Vietnam has undervalued its currency, making its products unfairly cheap abroad.

Resources:

On September 30, Russian President Vladimir Putin pushed for a ban on the export of all untrimmed conifer and certain hardwood timber, beginning in 2022. Putin stated that this is necessary for "getting rid of the criminal component of the forest business and securing more comfortable work for responsible enterprises."

Resource: