Over US$88 million earned from export of forest products

Teak logs were see being exported to Thailand in the financial year 2018-2019.

According to the statistics of the Ministry of Commerce, more than US$88 million were earned from the export of forest products from Myanmar.
From 1 April to 4 November 2022 of the financial year 2022-2023, the export of forest products earned $88.383 million.
In the last financial year 2020-2021, it received $128.072 million and during the 2021-2022 mini-budget period, it received $83.901 million.
In the same period of the previous year, the earning of exporting forest products reached $76.832 million, and comparing the two periods, the export of forest products exceeded the earning of $11.551 million this year than the same period of the previous year.
As forest products such as teak, hardwood, plywood, bamboo, cardamom seeds, wax, mustard oil, extract pine, orchid, edible bird’s nest, and straw were exported to the foreign market.
In order to export timbers and forest products, it is necessary to obtain a certificate for legality of forest products.
Based on the verification of the ground inspection team and the chain of custody, the certificate for legality of forest products will be issued within two days by the director of the Yangon Region Forest Department and the relevant township Forest Departments.
There are four steps involved in the process, including the applicant to seek the approval of certificate at the relevant Department of Forest and apply for the export licence at the Ministry of Commerce.
In order to export timbers and forest products abroad, exporters must apply for a form to obtain a certificate. Details are alailable on the website of the Department of Forest.—TWA/GNLM

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