German traders could face EUTR fines of up to €50,000
18 November 2012Germany’s federal government has incorporated the EU Timber Regulation into its law.
Changes to the HolzSig, the Timber Trading Assurance Act, were made in October, adding to the existing legislation covering the EU’s Forest Law Enforcement, Governance and Trade initiative and its Voluntary Partnership Agreements.
Provisions in the act include fines of up €50,000, depending on the specific cases.
