Friday 6 May 2011

Indonesia, EU Agree to End Trade of Illegal Timber


Indonesia and the European Union, one of its big log importers, have tentatively agreed on a pact aimed at stopping the flow of illegal timber.
Agus Sarsito, head of international cooperation at forestry ministry, said Thursday the Voluntary Partnership Agreement is expected to be signed in October by both sides.
Sarsito, who was a negotiator on the pact, said Minister of Forestry Zulkifli Hasan and EU Trade Commissioner Karel de Gucht initialed it Wednesday, concluding negotiations.
The EU is a key market for forest products from Indonesia, the world's third-largest tropical forest nation, with a total average annual value of timber and paper exports of $1.2 billion. The EU absorbs about 33 percent of Indonesia's timber exports.

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