The Russian Forest Sector Outlook Study to 2030 states that lack of governance, outdated equipment and under-financing are among major factors that impede the development of the forest sector in Russia – which has more than a fifth of the world’s forests, but whose share of the global trade in forest products is less than four per cent. The report urges immediate action on modernizing the country’s forest sector, as well as increasing its investment attractiveness, stimulating domestic demand for forest products such as wooden housing and furniture, addressing the illegal logging issues and reforming forest public institutions and legislation. “The study broadens our knowledge about the huge opportunities and possible development potential of the Russian Federation’s forest sector,” FAO Assistant Director-General for Forestry Eduardo Rojas-Briales stated in a news release.“Modernizing Russia’s forests will have a positive impact on social, economic and environmental conditions in the Russian Federation and will contribute to the development of world forestry, forest industry, wood trade and the environment.”FAO noted that forests in Russia – the largest forest country in the world – play a crucial role in stabilizing the globe’s climate. The country provided more than 90 per cent of the carbon sink of the world’s boreal forests in 2000-2007. Estimates of the average carbon sink in Russian forests during the past 10 years are between 500 and 700 million tonnes per year. There is a serious risk, however, that the carbon emissions from the permafrost lands of Russia are likely to exceed current emissions from tropical deforestation by several times, if global warming becomes a reality, added FAO.
KCS-content BRITISH exports shot up by 5.4 per cent to a record value of £25.1bn in January, helping to narrow the UK’s overall trade gap to £3bn.The deficit fell from £5.5bn in December, when severe winter snow and changes in aircraft import taxes resulted in a record high deficit — £9.7bn — in visible goods. The visible goods deficit dropped to £7.1bn at the start of this year, rebounding from December’s slump, the Office for National Statistics (ONS) revealed yesterday.“The marked improvement in the trade gap is good news for the rebalancing story, particularly with exports of goods picking up strongly which tallies with the strong performance of the manufacturing sector,” said Hetal Mehta of Daiwa Capital.“If this trend continues, it is likely that net trade will make a positive contribution to GDP growth,” she added.The official figures mirror positive results from recent business surveys. February’s purchasing managers’ index (PMI) showed visible exports “registering one of the strongest expansions since data were first available in 1996,” according to Markit, which undertakes the survey.“Plus, the export orders balance in the February CBI industrial trends survey was at a 15-year high,” added Howard Archer of IHS Global Insight.A survey of British exporters by Travelex, released yesterday, showed 74 per cent were confident in current trading conditions.However, the UK’s trade surplus on services — unaffected by weather conditions or the one-off fluctuation in aircraft imports — slipped slightly in January, to £4.1bn, from £4.2bn in December. whatsapp Wednesday 9 March 2011 7:51 pm British exports bounce back Share whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL