Mayanmar's teak trade
After the military junta took control of Myanmar,
the state-owned company, which had exclusive rights over the country’s precious timber and teak trade, also came under the military.
There was a number of timber auctions since the coup and sales of this “
conflict” wood, pro-democracy supporters allege, are a key revenue stream for the military regime. Illegal harvesting of timber and teak from Myanmar: There have been increased instances of illegal trade of Myanmar timber;
Global Forest Watch says the country, over the last two decades
, has lost forest cover roughly the size of Switzerland. International NGO Environmental Investigation Agency (EIA) released data, which showed that over 70% of the logs exported from Myanmar between 2000-2013
, were illegally harvested.#gs3
#economy
