Logs are processed by essence up to 70% of their production by local industry for a transitional period of five (5) years from the date of promulgation of the law.
After this period, the export of logs is prohibited and all national production is processed by local industry.
The export of unprocessed special forest products is subject to prior annual authorization issued by the administration in charge of forests, and to payment of a progressive surtax based on the volume exported.
A National Timber Office, whose organization and operation are defined by decree, is responsible for export and marketing.
Three years after the entry into force of the present law, the administration in charge of forests shall carry out to verify that, in accordance with the investment plan duly approved the administration, the necessary steps have been taken by the operator to process all log production from the concession. Any serious default will result in the suspension or permanent withdrawal of the concession.
Unless special dispensation is granted by the Minister in charge of forests, raw or processed forest products intended for marketing are subject to the standards defined by joint order of the Ministers in charge of forests and trade.
In the event of the implementation of a development project likely to cause the destruction of part of the national forest estate, or in the event of a natural disaster with similar consequences, the administration in charge of forests will proceed with the felling of the woodland concerned, in accordance with procedures fixed by decree.
Logs with no apparent local markings beached on the Atlantic coast or abandoned along roadsides may be recovered by any natural or legal person in accordance with procedures defined by decree, in return for payment of a sale price, the amount of which is set by the Finance Act.
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