US Dollar Exchange Rates of 30th
Oct 2010
China Yuan 6.6708
Report from China
Timber imports through Changshu port hit a record high
According to statistics from Changshu City of Jiangsu Province in China,
timber imports through Changshu Port from January to September 2010 hit
a record high of 1.01 million cu.m. Timber imports through Changshu Port
comprised logs and wooden panels mainly from New Zealand, the U.S and
Canada covering more than 20 species such as radiate pine, Douglas fir,
Korean pine, poplar, hemlock and Corsican pine.
According to an analyst, the convening of the Shanghai World Expo 2010
has resulted in a larger share of imported timber being shipped through
Changshu Port instead of Shanghai Port. In addition, several cities
neighbouring Changshu Port have convenient infrastructure for further
distribution.
Seventh China-ASEAN Timber and Wood Products Exhibition
The 7th China-ASEAN Timber and Wood Products Exhibition (CAEXPO) was
held in Nanning China from 20 to 24 October 20010. At the exhibition,
experts and traders from China and ASEAN countries deliberated on how to
strengthen cooperation between timber industries and benefit from the
China-ASEAN Free Trade Area agreement.
Timber trade between China and ASEAN countries have been active since
the China-ASEAN Free Trade Area agreement came into force in the
beginning of 2010. The value of wood and timber product trade between
China and ASEAN countries topped US$7.64 billion in 2009. It is
predicted that the value of timber and wood products trade between China
and ASEAN countries will reach US$10 billion in 2010.
All participants agreed that the establishment of the China-ASEAN Free
Trade Area and the zero tariff treatment on wood products will further
promote the wood and timber product trade in the future. All member
countries were encouraged to take full advantage of the Free Trade Area,
enhance the role of trade associations, explore effective trade
cooperation and provide consultation services for enterprises.
In promoting China-ASEAN timber trade, the China National Timber and
Wood Products Distribution Association is building the International
Economic Trade Logistics Center for China-ASEAN Timber and Wood
Products. The Association is also establishing the China-ASEAN
International Wood Art Culture Museum, to promote the development and
exchange of member countries¡¯ wooden arts.
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