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CW China signs MOU with Qingdao Commodity Exchange Center

Lydia Chen

By Lydia Chen

May 30, 2018

Tian Qibin (left), chairman of Qingdao Commodity Exchange Center, shakes hands with Eric Wong, Country Director of Canada Wood China, after signing the MOU on May 22, 2018.

Canada Wood China has inked a MOU with Qingdao Commodity Exchange Center to jointly promote the use of Canadian wood in China.

Representatives from the two sides signed the MOU at a ceremony in Qingdao on May 22, 2018.

As a listed firm, Qingdao Commodity Exchange Center aims at expanding its trading platform to cover Canadian lumber and wood products. The center pledged to use its market influence to highlight the benefits of furniture made of wood from Canada, especially to manufacturers of high-end furniture. Meanwhile, CW China will introduce Canadian wood suppliers to the exchange center and offer technical training and support, according to the MOU.

The two will also set up a joint work team, the MOU said.

Qingdao is the largest city in Shandong Province and is a major seaport, naval base, and industrial center.