The Philippines requires 6 million cubic meters of wood annually based on the average consumption of wood from 2006-2014 (FMB 2015) and this demand for wood is projected to increase in the next few years. Out of this national demand for wood, only 25% comes from local sources while 75% are imported.
The Philippine Development Plan (PDP) highlights that economic opportunities in the forestry sector will be expanded. In line with the PDP, the government plans to incentivize investments in the forestry sector, to increase the country’s wood resource base and improve the contribution of forestry to the Philippine economy.
With the constantly increasing demand for wood and wood-based products, and the declining contribution to the GDP of the Wood Industry there is a need to tackle issues and concerns besetting wood-based industries in the Philippines. The first Wood Summit: The Role of Wood Industry in Nation Building will highlight the significant contribution of the Wood Industry which we often fail to see by providing a venue for discussion of their interests and issues, and generate renewed support from the government and among industry players.
To situate market demands with the current situation, the Wood Summit will gather different industry players to present and discuss the current policy environment overarching to the needs of each sector, business trends, and ways forward in order to develop and implement an effective regulatory and investor-friendly regime that can provide practical and effective solutions to ensure the sustainability of the Wood Industry Sector in the Philippines.
Participating government agencies including the National Economic and Development Authority (NEDA), Philippine Statistics Authority (PSA), Department of Trade and Industry (DTI), and Law Enforcement Units will present the status of the Wood Industry Sector in areas including local and international trade, investments, projections on local and international supply and demand, and law enforcement.
The Summit also targets partner organizations including the Philippine Wood Producers Association (PWPA), Industrial Forest Managers of the Philippines Corporation (IFMAP), Community-based Forest Management Peoples Organizations (CBFM-POs), private plantation owners, Chamber of Furniture Industries of the Philippines, Inc. (CFIP), Wood Processing Plant Permit Holders, and construction, biomass and fuelwood industries, to present and discuss business trends in support to the Sustainability of the Wood Industry.
The Summit will also be an opportunity for the Wood Industry players to engage with and show its support to DENR Secretary Roy A. Cimatu, who will provide the keynote message during the event.