Sunday, January 23, 2011

RUSSIA INTERESTED IN IMPORTING MOZAMBICAN TIMBER

The Mozambican government is considering the resumption of timber exports to Russia, following an interest expressed by the Russian authorities.According to the government’s Export Promotion Institute (IPEX), over the last three years a series of requests for information about the possibility of timber exports has been received from Russia. The Russian proposal is to set up a partnership with Mozambican businesses to exploit the country’s forestry resources, particularly its precious hardwoods (such as ironwood, panga-panga, umbila, and pau-preto).A group of Russian business people visited Maputo towards the end of last year, with the aim of studying the tropical timber market. According to IPEX, initially the Russian businesses would simply buy timber and export it to Russia, but later they would hope to create a joint venture with Mozambicans. In the 1980s the former Soviet republics were among the main destinations for Mozambican timber exports. Currently Mozambique imports 50 million dollars worth of timber a year to European, Chinese and African markets.

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