According to the Association of the German Furniture Industry (VDM), the effects of the coronavirus on the German-Chinese furniture trade are clearly noticeable, but not the only influences. “German furniture exports to China showed significant signs of slowing down last year,” explains Managing Director Jan Kurth. “In 2019, exports to…
As the National Hardwood Lumber Association (NHLA) reports, according to reports from the Agricultural Specialist at the U.S. Embassy in Beijing as well as the Chinese Ministry of Finance, the Chinese government will remove U.S. hardwood lumber import tariffs starting on February 28, 2020, for one year. Extracts from a statement…
The most recently updated Foreign Investment Law took effect on 1 January 2020. This is a comprehensive and fundamental set of legal standards for foreign investment activities with unified provisions for the entry, promotion and protection and management of foreign investment. The new law has replaced the Law of the…
A revised Forest Law had been adopted by 13th National session of the Standing Committee of the National People’s Congress with aim to better protect forest resources and spur ‘green development’. The new law will take effect on 1 July, 2020. A new chapter “Forest Ownership” has been added to…
U.S. and China formalised a limited trade agreement last week, signalling a truce in the nearly two-year trade war between the world’s two largest economies. According to the U.S. National Hardwood Lumber Association (NHLA), the “Phase One” agreement calls for China to boost its purchase of American goods and services by…
New Zealand continues to expand its market share in China, supplying 39% of the total import volume in the 3Q 2019, up from 32% five years earlier. Russia and North America suffered the largest declines in the Chinese market share from 2015 to 2019, with Russia’s share falling from 28%…
According to the local press, the China Green Times, the output value of China’s timber processing and wood products industries in 2018 was RMB1.3 trillion, accounting for 17% of the total output value of China forestry sector. Wood-based panel industry There are about 10,000 wood-based panel enterprises with 3 million…
Russia could ban timber exports to China unless Beijing takes action to help mitigate the effects of illegal logging, a Russian government minister said in an interview published Thursday. Russian authorities this month attributed some of the vast wildfires that have engulfed portions of Siberia in recent weeks to arsonists…
On September 24th China will implement its own tariffs on USD 60 billion of imports from the US. Read further to see the full list of wood products affected and tariff levels. The Customs Tariff Commission of the Chinese State Council published this morning, Sept 19th, the details of its…
Pallets are the essential in logistic operations and it has been estimated that at the end of 2017 the stock of pallets in China exceeded 1.263 billion pieces of which wooden pallet accounted for 73% with plastic pallets taking up most of the balance. Wooden pallets are said to have…
