est eng lat
  17.10  Lithuanian roundwood prices advanced in July
  15.10  IMF meeting addresses economic growth
  13.10  Lithuania discusses possibility of increased trade with US
  09.10  EKI raises 2014 growth estimate for Estonia
  news archive >
News archive Test Contact
  Contact us


Australia follows EU illegal timber move


Send to a friendSend to a friend     Contact us
Following the European Union's decision to ban the import and sale of illegally-logged timber, the Australian government is making a similar move.

The country's forestry minister Tony Burke promised to make it a criminal office to sell wood that has been sourced unlawfully, or to bring it in.

All 27 EU member states recently approved an illegal timber veto, which will come into force from 2012 onwards.

Under the European deal, companies importing and selling timber will have to carry out due diligence to determine where and how the trees were felled.

Those that fail to comply could be hit with fines and trading bans.

Similar requirements would exist under the Australian model, with punishments issued for non-compliance.

Greenpeace forestry campaigner Reece Turner told the Age newspaper: "We urge the coalition to support this policy and to help turn it into law."

It is estimated that around ten per cent of wood products imported into Australia are sourced illegally.

This news item is brought to you by KMS Baltics in conjunction with Fest-Forest and EST KINNISVARA. Baltic forestry and property specialists

Click here to find out more about Timber Investment with us or call us on 00441668 213693

Related news:


29.01 HD Fest-Forest newsletter December 2012
05.07 KMS Baltics IPD summary document
news archive >
Local News

12.07 Who are Estonia’s highest-earning lawyers?
12.07 Source: Air Baltic told to repay illegal state aid in 9 years
12.07 PM: without government aid Vilnius would be bankrupt by autumn
12.07 Pagari 1: two thirds of apartments already sold
11.07 Latvia's euro adoption paves way for Lithuania
news archive >