European woodworking industries and timber importers express concerns on the Red Sea crisis

The European woodworking industries and timber importers have issued a joint statement highlighting the potential ramifications of the escalating crisis in the Red Sea on global trade, particularly concerning their economic interests in Asia and Africa. The Red Sea route, recognized as a vital maritime corridor for international trade, plays a crucial role in facilitating trade for the European woodworking sectors. The current crisis in the region is anticipated to have adverse effects on the European economy, with specific concerns raised for the wood industry. Amidst subdued demand for wood products across Europe, seamless access to Asian and African ...