Myanmar to suspend wood log export in 2014
Yangon, Nov 1 (IANS) Myanmar will suspend its wood log export in 2014 in a bid to eradicate wood log smuggling and conserve forest, reported Xinhua citing a media report.
The suspension will be effective from April of the year, reported the 7-Day News, quoting an announcement of the environment and forestry ministry.
Myanmar exported teak mostly to neighbouring India and China at a rate of 1.6 million tonnes annually, earning $522 million, the London-based Environment Investigation Agency was cited as saying.
According to the agency, Myanmar exported 18 million cubic meters of wood log in a decade from 2000 to 2010, gaining $5.7 billion.
There are over 16.32 million hectares of forest reserve area, of which teak plantations cover 24,300 hectares while hardwood area 324,000 hectares, according to statistics.
The forest area accounts for nearly half the country's total area of 67.6 million hectares.
Myanmar is able to produce nearly 283,000 cubic meters of teak and 1.98 million cubic meters of hardwood annually.
A major exporter of teak in the world, Myanmar takes up 75 percent of the world market.
Myanmar exports teak most to India, followed by China, Bangladesh, Thailand and Malaysia.
Read More: Malaysia | Myanmar | Thailand | Bangladesh | China | N.i.area | A.k.market | Ind.area Sarojininagar Po | Khalilabad I.area | Indl.area Nagpur So | R.s.market | Survey Of India | State Bank Of India | China Nandigama | China Garlapadu | T.c.market | Raja J.n.market | China Dhab | Hajipur Ind.area | All India Tennis Association
Andrea Jeremiahs Walk of Style
July 25, 2014 at 10:06 AM
Kallols Digital Print Experiments
July 25, 2014 at 10:00 AM
A Fashionable Cause
July 24, 2014 at 10:03 AM
At least 42 killed in Taiwan plane crash
July 24, 2014 at 1:47 AM
Gaza hospital flooded with injured children following airstrike
July 24, 2014 at 1:40 AM
Major airlines cancel Israel flights over Gaza rocket threat
July 24, 2014 at 12:19 AM