{"id":78287,"date":"2019-10-16T07:16:25","date_gmt":"2019-10-16T07:16:25","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/indonesian-timber-industry-seeks-to-take-advantage-of-the-us-china-trade-war\/"},"modified":"2025-09-19T08:51:53","modified_gmt":"2025-09-19T08:51:53","slug":"indonesian-timber-industry-seeks-to-take-advantage-of-the-us-china-trade-war","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/indonesian-timber-industry-seeks-to-take-advantage-of-the-us-china-trade-war\/","title":{"rendered":"Indonesian timber industry seeks to take advantage of the US-China trade war"},"content":{"rendered":"

The Indonesian government is mulling over banking on its timber and furniture industry to seize the momentum amid the ongoing trade war between the United States and China, reported ASEAN Economist.<\/strong><\/em><\/p>\n

Indonesian President Joko Widodo, in a meeting with industry players, said that Indonesia could take advantage of the trade war\u2014which has roiled global markets for more than a year\u2014through promoting timber and furniture products.<\/p>\n

Widodo said such products are the \u201ckey commodities.\u201d<\/p>\n

\u201cI believe the chances are huge [for Indonesia] to fill in the [wood and furniture] market that used to be held by China,\u201d he said.<\/p>\n

\u201cThis could be our chance,\u201d he added.<\/p>\n

The government also crafted policies to support the plan, among which are value-added tax exemptions for logs and a partial relaxation of the timber legality assurance system (SVLK), a licensing requirement for each step in the wood supply chain in order for the industry\u2019s end product be accepted in selected countries.<\/p>\n

\u201cThe business players suggested that if the destination country does not require them to obtain an SVLK [license], then the government should not enforce the SVLK regulation,\u201d Coordinating Economic Minister Darmin Nasution said after the meeting.<\/p>\n

\u201cThe suggestion makes sense but we need to review the trade minister\u2019s regulation,\u201d he said.<\/p>\n

At present, only the European Union, Canada, Australia and the United Kingdom require timber and furniture exporters to have SVLKs.<\/p>\n

Darmin added that Widodo also urged the industry to partner with foreign businesses that have technical expertise and good marketing networks, saying that the government would lay the groundwork in a bid to invite more investors into the timber and furniture industries.<\/p>\n

Data from the Trade Ministry showed that Indonesia\u2019s export of timber and its derivative products was worth $2.2 billion from periods January to July this year, down by 13.47 percent compared to the $2.55 billion recorded over the same period last year.<\/p>\n

Furniture exports, meanwhile, rose 9.41 percent year-on-year to $1.12 billion in the first seven months of this year.<\/p>","protected":false},"excerpt":{"rendered":"

The Indonesian government is mulling over banking on its timber and furniture industry to seize the momentum amid the ongoing trade war between the United States and China, reported ASEAN Economist. Indonesian President Joko Widodo, in a meeting with industry … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":63392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3301,3322,3906],"class_list":["post-78287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-furniture","tag-indonesia","tag-timber-industry","topic-forestry","topic-sawmilling","topic-wood-furniture","area-asia-middle-east","area-china","area-north-america"],"acf":[],"yoast_head":"\nIndonesian timber industry seeks to take advantage of the US-China trade war - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/indonesian-timber-industry-seeks-to-take-advantage-of-the-us-china-trade-war\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesian timber industry seeks to take advantage of the US-China trade war - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The Indonesian government is mulling over banking on its timber and furniture industry to seize the momentum amid the ongoing trade war between the United States and China, reported ASEAN Economist. 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