On March 10, the Parliamentary Committee on Economic Development took a significant step by recommending that the Verkhovna Rada adopt the draft law “On the Timber Market” in the second reading and in general. This step is an important milestone in the development of a transparent and efficient timber market in Ukraine, which is important for both the state and business.
Preparation for this decision was thorough and included consideration of more than 100 MPs' proposals, which proves that the document was actively worked on. This not only demonstrates the openness of the legislative process, but also contributes to its improvement, taking into account different interests and views.
Draft Law No. 4197-d, which has been under development since 2021, defines the legal, economic and organizational framework for the sale of unprocessed timber and fuelwood. Its main goal is to ensure transparent competition and sustainable use of Ukraine's forest resources.
At the moment, there is a real chance of its final approval by the parliament, which will be an important step for regulating the timber market. The document provides for the introduction of mechanisms that will promote fair competition, which is important for attracting investment and developing the industry.
The adoption of this law is eagerly awaited by business, which indicates its relevance and necessity. Independent experts note that the new legal and economic changes enshrined in the draft law will create conditions for new business initiatives and increase transparency in the timber market.
The working group that worked on the draft law is making significant efforts to ensure its effective implementation and consideration by the Verkhovna Rada. This includes improving the text of the document, harmonizing it with other regulations, and taking into account the proposals of various stakeholders.
It is important to emphasize that this draft law will also contribute to the sustainable development of forestry. The balanced use of forest resources is critical to maintaining environmental sustainability in Ukraine, and this document can become a tool to achieve these goals.
Therefore, the draft law “On the Timber Market” not only meets the needs of the present, but is also future-oriented, creating a framework for sustainable development of the industry. This is especially important for Ukraine, which seeks to strengthen its economy and preserve natural resources for future generations.
