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The Rosewood Trade: An Illicit Trail from Forest to Furniture
Data shows increased flows via Vietnam and Mexico with origin disguised. Chinese exports to the U. But an analysis conducted by Nikkei showed that while exports of machinery, electrical equipment and some other products have shown particularly sharp declines, shipments of such goods from China to the U. While there has been a spate of moves by companies to relocate production from China to other parts of the world in order to circumvent punitive U.
As we welcome a new year, we take a look at the latest happenings in the timber markets across Asia. By ITTO. GDP growth forecast for was revised downwards to 4. Labour shortages which have held down growth in the timber sector are set to ease as the government has introduced a new policy, the Employer Mandatory Commitment EMC which place more responsibility on companies hiring foreign workers such as paying the foreign worker levy. The EMC will hold employers fully accountable for their foreign workers on aspects such as job application, rehiring and repatriation and the employers will no longer be able to deduct the levy from the wages of their workers.