Vietnam's Wood Sector Confident They'll Hit 2020 Export Target

The Vietnam Department of Forestry is confident that they will achieve their 2020 export target of $13 billion in timber and wooden products. The country has already exported about $11.7 billion this year, an increase of $1.6 billion vs. one year ago.

 

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DHA eNews - Commerce Sets New AD/CVD Rates For Hardwood Plywood & Flooring

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue XXIII: Commerce Sets New AD/CVD Rates For Hardwood Plywood & Flooring | U.S. Trade Representative Plans Follow-Up Hearings On Vietnam | New Duty Rates Set For Canadian Softwood Lumber | Russia Plans Log Export Ban By 2022

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Commerce Sets New AD/CVD Rates For Hardwood Plywood & Flooring

The U.S. Department of Commerce has completed its review of hardwood plywood antidumping and countervailing duty rates for the 21 Chinese exporters and producers who requested a review. For these 21 companies only, the new combined duty rate is 14.95% (first review AD final) plus 23% (first review CVD final) plus 25% (301 tariffs), resulting in a combined rate of about 63%. All other Chinese companies remain subject to the 183% antidumping duty rates from the investigation.

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Russia Plans Log Export Ban By 2022

Russian President Vladimir Putin ordered the government to enact strict controls on the export of roundwood and low-value forest products and to crack down on illegal logging. Putin requested a "complete ban on shipments of unprocessed or roughly processed conifer and valuable hardwood out of Russia by January 1, 2022."

 

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New Duty Rates Set For Canadian Softwood Lumber

In its first annual administration review, the U.S. Department of Commerce confirmed that Canadian softwood lumber subsidies and dumping continue, resulting in a combined anti-subsidy and antidumping duty "administrative review" rate of 8.81%. Two Canadian ministers acknowledged that Commerce has reduced duty deposit rates for many in the Canadian softwood lumber industry; however, they believe the rate for all companies should be zero - and that this is the meaning of free trade.

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