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March 5, 2018

Brexit to significantly impact EU timber trade balance

Brexit to significantly impact EU timber trade balance
Looking to the future, the EU trade data highlights the extent to which Brexit will impact on the EU trade balance.    The UK is consistently the largest EU importer of timber products from outside the bloc, due partly to the country’s limited domestic forest resources, partly to the UK’s coastal position and traditional trade links with many countries in other parts of the world, and partly to the UK’s relatively concentrated timber distribution and retailing sectors which has been more accessible to external suppliers, particularly in China and Asia.     ...

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