News
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New Habitats in Latvia: Biodiversity Protection and EU Requirement Compliance
To address the violation procedure against Latvia for insufficient protection status of EU-significant habitats, particularly grassland habitats – species-rich pastures and hay meadows – Latvia plans to establish 39 new nature reserves and expand 4 existing ones.
Read the whole article2024-12-20 -
Close cooperation between Russia and China: new tariffs change the rules of the game
Significant changes are taking place in the economic relations between Russia and China, affecting both trade and domestic production. Currently, more than 90% of lumber produced in Russia is exported to China, which makes China the main partner in this industry. But changes in tariffs have caused serious problems.
Read the whole article2024-12-12 -
Latvia's Forest Sector Exports in 2024: Growth in Key Product Segments
According to the data published by the Ministry of Agriculture, in the first nine months of 2024, the export of Latvian forest industry products has shown a significant increase in several categories.
Read the whole article2024-12-05 -
Trump's tariffs for Canada and Mexico: Timber prices and trade on the brink of crisis
Donald Trump has announced that on his first day in office, January 20, 2025, he will sign an order imposing new tariffs. A 25% tariff will be applied to all goods from Canada and Mexico, as well as a 10% tariff on goods from China. This means that the prices of imported timber will rise significantly.
Read the whole article2024-11-28 -
Planned tariffs by U.S. President Donald Trump: Impact on the timber market and international trade
The newly elected U.S. president, Donald Trump, plans to impose 60% tariffs on all goods imported from China and 10% tariffs on goods from other countries. Trump's tariffs could create serious problems for the global timber market, as they would significantly affect the prices of roundwood in international markets. The U.S. and China’s timber markets are closely linked.
Read the whole article2024-11-25
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