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Myanmar bans exporting of logs starting next week
Myanmar bans export of logs starting next week to reduce deforestation, boost local industry
Associated Press
2014-03-25 08:01 PM

YANGON, Myanmar (AP) -- Myanmar will ban the export of logs starting next week to reduce deforestation and boost its wood-based industry by exporting only value-added products.

A statement from the state Myanma Timber Enterprise said the Ministry of Environmental Conservation and Forestry will prohibit the export of logs starting April 1.

According to the most recent available official data, Myanmar's forest cover shrank from 57.9 percent of its total land area in 1990 to 47.6 percent in 2005.

The sale of teak and hardwood logs has climbed since a nominally civilian government succeeded military rule in 2011 and liberalized the economy.

The government says it earned about $569 million from export of 1.24 million cubic ton of wood in 2012-2013 fiscal year, with India, China and Thailand as major buyers.

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