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International Tropical Timber Council concludes with major decisions, including its extension

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International Tropical Timber Council concludes with major decisions, including its extension

  • The 59th International Tropical Timber Council (ITTC), concluded on November 17, 2023.

Key Points

  • The countries agreed to endorse eight projects related to sustainable forest management and related objectives.
  • The session also approved and adopted a budget of $7.1 million for the coming financial year 2024-25.
  • Members who have fallen behind on their financial contributions are ineligible
  • They will be allowed to submit one project and concept note for every two years of arrears paid

International Tropical Timber Council

  • It is the governing body of the International Tropical Timber Organisation (ITTO).
  • It meets at least once a year to discuss a wide-ranging agenda
  • Objective:
  • It aimed at promoting sustainable tropical forest management and the trade of sustainably produced tropical timber.

Prelims Takeaway

  • International Tropical Timber Organisation (ITTO).

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