UK-China Cooperation on International Forest Investment and Trade (InFIT) Phase II has been officially launched

author:RIFPI,CAF

UK-China Cooperation on International Forest Investment and Trade (InFIT) Phase II was officially launched on 3 December 2019 in Beijing.

As a part of Forest Governance, Markets and Climate Programme (FGMC), UK-China Cooperation on International Forest Investment and Trade (InFIT) Phase I was launched in February 2014 based on the ‘Memorandum of Understanding Regarding Sino-British Cooperation on Forest Governance, Markets and Climate’.

Phase 1 aimed at reducing the impacts of China’s international timber product trade and forestry overseas investments on forest degradation and ran until March 2018.The project has contributed greatly to the establishment and implementation of the Chinese Timber Legality Verification System (CTLVS)and the use of the guidance on China’s enterprise overseas investment. It has also facilitated experience sharing on forest tenure reform and timber legality activities.

UK-China Cooperation on International Forest Investment and Trade (InFIT) Phase II was officially launched on 3 December 2019. The project aims at supporting China’s opening up strategy and its role in global environmental governance, contributing to the Belt and Road Initiative, and strengthening the results achieved during InFIT Phase I.

Tasks of this project are as follows. Firstly, formulating policies and regulations to ensure that only legally-produced forest products are included in China’s supply chains. Secondly, developing tools to guide Chinese enterprises to comply with relevant regulations and policies in China and export markets while importing timber products. Thirdly, guiding Chinese enterprises to carry out investment in timber producing countries in legal and sustainable ways by implementing practices including REDD+ and VPA. Fourthly, conducting joint UK-China research to develop legal and sustainable trade and investment strategies for the forestry sector and other relevant sectors in African countries.

The project implementation period is from December 2019 to August 2021. The Programme Steering Committee (PSC) has been established by Ministry of Commerce of the People’s Republic of China, the State Forestry and Grassland Administration and the UK’s Department for International Development. The PSC is responsible for supervising the implementation of the project. As a major project implementer, the Research Institute of Forestry Policy and Information of CAF is conducting relevant research activities.