Ministers from APEC member economies are stepping up their push to salvage the world’s dwindling forests and the livelihoods of millions of people who depend on these resources, a press release from the APEC Secretariat on Wednesday said.

APEC ministers are focused on raising governance and transparency standards among APEC economies for the trade of timber and wood products.— Illustrative Photo baocongthuong.com.vn

Ministers meeting in Seoul launched action to promote their ambitious goal of increasing forest cover by at least 20 million hectares by 2020 across APEC.  Together, APEC economies account for half the world’s forests and 80% of global timber trade.

A viable step towards mitigating climate change, the move sets the tone for the APEC Economic Leaders’ Week (AELW) in Da Nang from 6-11 November that will aim to improve trade-driven growth in the region and the sustainability and equity of its economic and social outcomes.

“The huge increase in the middle class made possible by greater connectivity and trade is driving consumption-led growth recovery, but also putting pressure on high demand resources, such as wood and timber products,” said Dr Alan Bollard, director of the APEC Secretariat.

“APEC economies are enacting measures to boost legitimate trade flows that weed out illegally harvested wood before they hit consumer markets and undercut legal producers,” Dr Bollard said.  “Eliminating price distortions caused by illicit timber could have a major impact on forest preservation and the large numbers of jobs they support.”

Ministers are focused on raising governance and transparency standards among APEC economies for the trade of timber and wood products, such as lumber, paper, flooring and furniture, in coordination with Interpol, industry and conservation groups.

This includes developing work administered by the APEC Experts Group on Illegal Logging and Associated Trade to enhance customs inspections of timber and wood products at borders, implement timber legality methodologies and establish efficient lines of communication with law enforcement agencies.

Parallel measures to be taken forward by APEC economies centre on facilitating sustainable forest management practices and community support needed to help forests re-germinate and promote emerging business and employment opportunities.

“The growth potential of sectors such as agriculture, education, healthcare and tourism depends in no small part on forest resources in APEC,” said Dr Bollard.  “The progress of efforts to create sustainable supply chains could go a long way to ensuring the future of the region’s forests.”

The Seoul Statement endorsed at the conclusion of the Meeting of Ministers Responsible for Forestry outlines the actions to be advanced by APEC member economies towards this objective.

(Source: VNS)