Market Information Service

Towards greater transparency in the tropical timber markets

The ITTO Tropical Timber Market (TTM) Report, an output of the ITTO Market Information Service (MIS), is published in English every two weeks with the aim of improving transparency in the international tropical timber market. The TTM provides market trends and trade news from around the world, as well as indicative prices for over 400 tropical timber and added-value products.


 

 

16-28 February 2017

Top story

ATIBT Guide to using African timbers in EU

ATIBT’s new publication aims to transform attitudes to tropical timber in Europe. To achieve this the guide promotes the natural properties of tropical timber and the major effort to independently certify and verify the legality of wood products in tropical Africa.
 
The ATIBT Guide was prepared with financial support from the Programme de Promotion de l'Exploitation Certifiée des Forêts and Agence Française de Développement, the French Development Agency.
 


Also in this issue

  • Log export tax raised in Cameroon
  • Dutch public procurement policy recognises Malaysian certification
  • Is FSC ready to modify 1994 rule?
  • Export tax plan catches Myanmar exporters by surprise
  • Finally, Infrastructure Status for affordable homes segment of Indian housing market
  • Leave work early and spend money workers in Japan told
  • Tropical timber supplier’s share of EU market maintained in 2016
  • Record high 2016 US wooden furniture imports but exports from Malaysia and Indonesia slip             


Data snapshot

Foreign investment into Indonesia almost US$30 billion in 2016



 

Data source:
Investment Coordinating Board of Indonesia (BKPM)

Singapore and Japan accounted for 50% of FDI into Indonesia in 2016 but, at US$28.9 billion, investment in-flows in 2016 were a little below that of 2015.
In past years most FDI was directed to the mining sector but now the top sectors are manufacturing and electronics. FDI into manufacturing was a record-high USS16 billion last year which can only be a positive given the need for the economy to diversify away from commodities and create more jobs.
While these figures remain positive the BKPM says it is important that the government remains committed to further improve the ease of doing business in the country.
See:  http://www8.bkpm.go.id/images/uploads/file_siaran_pers/Bahan_Paparan_-_Eng_-_TW_IV_2016-250117_FINAL.pdf

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