New European Deforestation Regulation challenges the Malaysian timber industry

The Malaysian Timber Industry Board (MTIB) is indeed focusing on efforts to prepare the timber industry for future challenges, mainly the certification from the European Union (EU). The board said that the EU Deforestation Regulation (EUDR) would present additional challenges for Malaysian timber exporters to the EU market. “The regulation for deforestation-free products is an improper action by the EU, aimed at restricting the access of the timber and timber products market. “These rules can affect small farmers and lead to rising prices and reducing production at a time when global inflation is soaring,” MTIB said ...