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59th International Tropical Timber Council

59th International Tropical Timber Council:

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

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

59th ITTC:

  • 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.
  • The council also approved a trial measure that will allow ineligible members to submit project proposals and concept notes.
  • Members who have fallen behind on their financial contributions and are thus ineligible will be allowed to submit one project and concept note for every two years of arrears paid.

International Tropical Timber Organisation:

  • It is an intergovernmental organisation promoting the sustainable management and conservation of tropical forests and the expansion and diversification of international trade in tropical timber from sustainably managed and legally harvested forests.
  • It was established under the International Tropical Timber Agreement 1983 (ITTA 1983), negotiated under the auspices of the UN Conference on Trade and Development.