Vietnam Vows To Strengthen Timber Laws To Avoid U.S. Tariffs
Posted On
January 20, 2021
To avoid the threat of punitive U.S. tariffs - due to allegations that Vietnam is importing illegal timber - Vietnam has promised to strengthen regulations and to buy more American lumber. The U.S. is the largest market for Vietnamese wood products, worth an estimated $6.5 billion in 2020.
Resource:
Bloomberg: Vietnam Tightens Timber Laws to Ease U.S. Tariff Threats
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