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Malaysian Timber Council (MTC) inked an MoU with the Philippine Wood Producers Association to boost the timber trade

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.