Home » Latest News

Myanmar invites open tender for wood logs sale

YANGON, Oct. 13 (Xinhua) -- Myanmar's state-run timber enterprise has invited open tender for sale of more than 1,000 tons of teak and hardwood logs and the sale is set for Oct. 21, according to an announcement of the Myanmar Timber Enterprise (MTE) published Monday.

The MTE has set a target of more than 500,000 tons of teak and hardwood logs and sawn timber for domestic use in the 2014-15 fiscal year and so far, 100,000 tons have been sold, earning 35 billion Kyats (35.7 million U.S. dollars), the announcement said.

The government had banned export of log timber by private sector from April 1, 2014 in a bid to prevent deforestation and ensure long-term use of the country's natural resources.

However, export of sawn and value-added wood is allowed, aimed at promoting foreign investment in the wood based industry in terms of production technology.

Myanmar is making efforts to cut the rate of teak extraction yearly and is set to produce only 60,000 tons of teak and 670,000 tons of hardwood in 2014-15.

Myanmar produced 93,178 tons of teak and 610,592 tons of hardwood in 2013-14, according to the figures of the Ministry of Environmental Conservation and Forestry.

Myanmar's forest cover reached 57 percent of the country's total area between 1980 and 1990 and has reduced to 47 percent at present, according to reports.

  • 沪ICP证:沪ICP备05050403
  • |
  • 网络视听许可证:0909346
  • |
  • 广播电视节目制作许可证:沪字第354号
  • |
  • 增值电信业务经营许可证:沪B2-20120012

 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend