Rapid development of China /Russia timber supply chain

A cooperation agreement has been agreed between the Timber Industry Association in Suifenhe City, Heilongjiang Province and the Federation of Timber Industries and Exporters in Primorsky Krai, Russia.

According to the agreement the two sides will I”n line with the basic principles of giving full play to the advantages of all parties, realizing complementary resources, matching mutual needs, voluntary win-win and common development, determine the establishment of partnership mainly in the wood industry raw material supply chain, establish a management meeting and communication mechanism from time to time, the association leads the exchange of visits between the two companies, build an industry exchange platform, and regularly carry out activities”.

In particular, the Russian Association discussed the possibility of the Association trading timber in the St. Petersburg International Commodity Raw Materials Exchange in Vladivostok and expressed its willingness to set up a branch in Suifenhe City to jointly promote commodities in China.（source：fordaq.com）