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Daily News / Market Analysis / Forestry / Lumber / Statistics / Wood Products / Asia & Middle East / Europe / Global
January 10, 2018

Vietnam’s timber exports to the EU forecast to hit $1 billion yearly by 2020

Vietnam’s timber exports to the EU forecast to hit $1 billion yearly by 2020
With the new EU-Vietnam Free Trade Agreement (EVFTA), experts predict that about $1 billion worth of timber will be exported to the EU every year by 2020.    Nguyễn Tôn Quyền, vice-chairman and general secretary of the Vietnam Timber and Forest Association, said that, for many years, the export value of timber and wooden products from Vietnam to EU reached at annual average of about $650-700 million.    The EVFTA, expected to come into effect next year, will create a positive impact on the Vietnamese timber industry. At ...

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