Timber export earnings to keep rising this year
Published on: Wednesday, July 25, 2018
Kuala Lumpur: The Primary Industries Ministry is confident export earnings from timber and timber products will continue to increase this year.Minister Teresa Kok Suh Sim said as of May this year, export earnings from timber and timber products have reached RM8.92 billion."I'm confident and optimistic that the export earnings will continue to increase in tandem with the demand for green products. As such, the ministry and its agencies will continue to support the timber industries through the implementation of various programmes and initiatives to facilitate the industries' development," she said.
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Kok made the remarks before witnessing the signing of a Memorandum of Understanding (MoU) between the Malaysia Wood Industries Association (MWIA) and the Forestry Department of Guangxi Zhuang Autonomous Region of the People's Republic of China on Tuesday.The MoU aims to build an information sharing platform to carry out collaboration projects for the establishment of fast-growing plantations in Malaysia, as well as to promote technical exchange and training in afforestation and processing technology.The attendees included MWIA President Goh Chee Yew, Director General of the Forestry Department of Guangxi Zhuang Autonomous Region Huang Xian Yang, and Director General of the Malaysia Timber Industry Board Datuk Dr Jalaluddin Harun. Kok also announced an additional target of 708 hectares to be developed under the forest plantation programme by year-end.Stay up-to-date by following Daily Express’s Telegram channel.
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The timber industry in Malaysia is a significant contributor to the commodity sector with export earnings valued at RM23.2 billion in 2017. – Bernama
