UK Imports Sustainable Timber from Indonesia
London, UK - Indonesia and UK agreed to increase exports of sustainable timber from Indonesia. This agreement was signed at the Business Community Dialogue on Indonesian Sustainable Commodities, which was held by the Indonesian Embassy in London on Tuesday (8/11) afternoon UK time.
Also witnessed by the Indonesian Ambassador in London, Desra Believe, the signing of a contract for the purchase of wood products (wooden door and plywood) was carried out between Pacific Rim, Hanson Plywood and James Latham with PT Kutai Timber Indonesia (KTI) and Kayu Lapis Indonesia (KLI) with the total value is about USD 25 million. In addition, a contract agreement for paper products was also signed, between Calington Ltd. with Asia Pulp and Paper (APP) with a total volume of 50 thousand tons worth around USD 50 million.
With this signing, it is hoped that it will continue to encourage an increase in exports of sustainable Indonesian wood products to the UK, as well as support efforts to increase British consumer awareness and confidence in sustainable commodities from Indonesia, particularly wood products.
Based on data from the Ministry of Trade, exports of Indonesian wood products to the UK (including furniture and paper) to the UK in 2021 amounted to USD 277 million, while in the January-September 2022 period it reached USD 214 million, up 3.8% compared to the same period in 2021.
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