As a result of the misinformation, there is allegedly some confusion circulating around the superyacht industry surrounding the upcoming ban in Myanmar. Bob Steber, managing director at Ginnacle Import Export Pte. Ltd. approached SuperyachtNews.com to clarify the misunderstanding after recently returning from a few days in Myanmar where he discussed the impending teak ban with the relevant authorities.
The export of processed teak, Steber upholds, will not be stopped and teak such as sawn timber, veneer, yacht decking, interior flooring and furniture parts will still be available.
Whilst this may be a less restrictive interpretation than some originally thought, the ban still may not be without impact on the yachting industry. “Processed teak may not be as readily available as when large quantities of logs were cut outside Burma,” Steber adds, “Because many sawmills in Burma have faced several years of hardship from the sanctions imposed by the USA and EU governments. It’s almost certain that prices will escalate because lower volumes will be available.”
In a seminar held in Myanmar on the EU Timber Regulation and wider EU market requirements, U Win Tun, Minister for Environmental Conservation and Forestry confirmed this reason for the ban. “In the past, we couldn’t export finished products for various reasons,” Win Tun stated. “But now we will try to export [finished] products and we will halt logs exports.”