In the first two months of this year exports of wood products amounted to around US$30 million but prospects are not bright for an expansion of trade. There is growing concern for Myanmar’s teak-oriented exporters because of the strengthening of EUTR.
According to some timber exporters there was no clear outcome from the recent meeting between the Myanmar delegation and EC in Brussels.
Exporters fear that they will lose this important market for teak products if the uncertainties surrounding the trade are not resolved and are urging the government to become more actively involved in finding a solution.
Exporters have expressed despair for the lack of the recognition of all Myanmar has done on traceability and legality verification.
Because little progress has been made they say they are preparing for the possibility that they may lose access to the EU market for teak products. Exporters are urging the government to become more actively involved in finding a solution.