FOR IMMEDIATE RELEASE
MAY 24, 2022
MEDIA CONTACT: MIKE BURITA
email@example.com or 202.420.9361
Alexandria, Virginia – The International Wood Products Association (IWPA) commended President Biden and his Administration on the release of its much-anticipated Indo-Pacific Economic Framework (IPEF). The framework is indicative of a well-placed focus on the strategically-vital Indo-Pacific region. IWPA encouraged the Administration to emphasize greater trade facilitation with the region to boost trade in globally-sourced wood products.
“The legally-and sustainably-sourced wood products from Indonesia, Vietnam, and Malaysia, in particular, are very important to U.S. manufacturers and consumers, with these nations ranking as the 6th, 7th, and 13th largest exporters of forest products to the U.S., respectively,” said IWPA Executive Director Bradley McKinney. “IWPA urges the Biden Administration to strengthen these bonds, and we pledge our support as they do.”
IWPA noted that the IPEF “framework” has the potential to build economic prosperity in the region by reaching agreements that encourage innovation, strengthen competitiveness, rebuild supply chains, and expand opportunity. It stressed that the reduction or elimination of tariffs is the most straightforward way to increase economic integration, and encouraged consideration of greater market access as IPEF Representative (USTR) outlining the following principles for IPEF:
“The Biden Administration’s rollout of IPEF is a positive step towards increasing economic integration across the Indo-Pacific, and we are advocating for that work to continue,” McKinney concluded. “As these important negotiations proceed, IWPA will continue to work with the Biden Administration and our partners around the world to advance our mission of building acceptance and demand here in North America for globally-sourced wood products from sustainably-managed forests.”
To view the IWPA comments to USTR, click here.
Established in 1956, the International Wood Products Association (www.IWPAwood.org) is the leading international trade association for the North American imported wood products industry, representing 220 companies and trade associations engaged in the import of hardwoods and softwoods from sustainably managed forests. Association members consist of three key groups involved in the import process U.S. importers and consuming industries, offshore manufacturers and the service providers that facilitate trade.