NEWS

Vietnam has ordered their trade, finance, and public security ministries to take urgent measures to fight origin fraud and illegal transshipment, according to a government resolution. Vietnam's 2019 wood exports are expected to total $11.5 billion, significantly higher than the $10.5 billion target - and 20% increase - set by the industry.

Resources:

U.S. imports of hardwood plywood from January - October 2019 are 7% lower than in 2018, despite an increase of 18% in October. Imports from Russia alone grew 39% in October. Imports from both China and Indonesian fell in October and are down 52% and 29%, respectively, from January - October.

Resource:

Two Chinese manufacturers and a U.S. importer are challenging the Commerce Department decision that expanded the scope of products subject to antidumping and countervailing duties on plywood imported from China. The contested products are plywood with face and back veneers of radiata or agathis pine.

Resource:

Decorative Hardwoods Association (formerly HPVA) eNews Volume XII, Issue XXIV: South Korea Launches Antidumping Probe Into Vietnamese Plywood | Hearing Set For U.S. Kitchen Cabinet Trade Case | USTR Confirms: Hardwoods Are Part Of China's $50B Import Commitment | China's Forestry Exports Grow To 22% Of Global Market
 

The U.S. Trade Representative, Ambassador Robert Lighthizer, confirmed that hardwoods are part of China's commitment to increasing agricultural imports from the U.S. by $50 billion.

Resource:

Fox Business: Lighthizer: Phase one will be good for farmers 'across the board'