China: Strategic alliance between Malaysian and Guangdong timber sectors

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ITTO/Fordaq
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The Malaysian Wood Industries Association (MWIA) has released a statement signalling further progress with the ―One Belt One Road Malaysia-China Economic Initiative.

This initiative marked another milestone with the signing of the Memorandum of Understanding (MOU) between the MWIA, The Timber Exporters‘ Association of Malaysia (TEAM) and the Guangdong Timber Industry Association (GTIA) on 20th September 2015.

The aim of this MOU is to develop and promote timber trade cooperation between Peninsular Malaysia and China.

The MOU was signed by Dato' Low Kian Chuan, the President of MWIA, Mr.. George Tan, the President of TEAM, and Mr.. Zhang Jianmin, the President of GTIA.

The signing was witnessed by Mr.. Zhu Xiaodan, the Governor of Guangdong and Tan Sri Ong Ka Ting, the Prime Minister's Special Envoy to China.

The MOU is expected to lead to increased cooperation between the timber trade associations of Peninsula Malaysia and Guangdong Province in a wide range of areas which could provide opportunities for Malaysian timber product manufacturers to enter lasting trade relations with importers of the Guangdong Province.

Among the initiatives covered in the MOU are: building a timber trading platform between Malaysia as suppliers of various wood products and Guangdong marketing channels, to promote Malaysian timber products to the Guangdong Province, as well as to develop unified specifications that will satisfy specific timber trade requirements in Guangdong Province.

Guangdong is home to many wood processing industries which consume are high proportion of imported wood products. Wooden furniture exports accounts from manufacturers in Guangdong account for around 50% of the national exports.

A large proportion of the raw materials for furniture manufacturers in Guangdong come from Southeast Asia, especially Malaysia. It is forecast that demand for imported timber in Guangdong Province will continue to grow.

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