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Malaysian Timber Council (MTC) inked an MoU with the Philippine Wood Producers Association to boost the timber trade
Posted on November 21, 2022 |
- On November 7, in Makati City, the Malaysian Timber Council (MTC) and the Malaysian Wood Moulding and Joinery Council (MWMJC) inked a Memorandum of Understanding (MoU) with the Philippine Wood Producers Association (PWPA) to boost timber trade development.
- The MoU aims to promote timber trade and establish timber trade standardization between both countries.
- In 2021, Malaysia exported $23.1 million of fibreboard to the Philippines and was one of the top 5 exporters of wooden furniture, particleboard, and plywood which was worth $22.4 million, $16.2 million, and $11.3 million respectively.