Timber Exports To See Moderate Growth This Year

BANGI, March 16 (Bernama) -- The country's timber exports are expected to see moderate growth of between RM22 billion and RM23 billion this year following the withdrawal of the US from the Trans-Pacific Partnership Agreement (TPPA).

Director-General of Malaysian Timber Industry Board (MTIB), Datuk Dr Jalaluddin Harun, said currently the country's key timber export destinations were Japan, US and the European Union.

He said although timber exports declined slightly last year to RM22.11 billion from RM22.14 billion in the previous year because of weak demand due to the global economic downturn, the industry took advantage of the weak ringgit.....