ITTO suspends project activities due to financial constraints
21 June 2016The International Tropical Timber Organization (ITTO) has temporarily suspended external meetings and project activities due to financial constraints after learning that its investments may have suffered.
The organization, which brings together producer and consumer countries to work on tropical forest conservation and trade, has advised all member governments of the situation.
Located in Yokohama, Japan, ITTO funds a large number of diverse forest based projects designed to assist tropical countries manage and sustain their timber and forest resources.
Finance is raised through an annual levy related to the size of the each member country's trade in tropical timber.
ITTO's well respected and widely circulated Market Information Service bulletins are not affected.
