An Italian superyacht firm is seeking new investment by going public – despite being accused by EIA of breaching EU law over the importation of teak from Myanmar
Despite trade sanctions imposed in June to ban imports of Myanmar teak into Europe, more than 300 tonnes of the ‘king of woods’ worth well over €2 million has since entered into Italy
A key figure in the Myanmar military coup and the country’s natural resources sector has been slapped with sanctions by the US Government
The US Department of the Treasury has today (21 April) hit two major State-owned businesses in Myanmar with trade and economic sanctions
EIA’s Forests team has been working on the ground in Myanmar since the country began to emerge from under the shadow of brutal military dictatorship in 2011, exposing illegal timber trade and helping to provide the tools for meaningful reform of its natural resources sector – but all that changed with the coup on 1 February
On 1 February, the Myanmar military (also known as the Tatmadaw) overthrew the Government of the country and arrested its leadership, events which radically altered the context for addressing the problem of illegal timber sourced from the country