The "Grading Standard for Timber and Wood Products Trading Market" will be implemented on September 1st.

The Ministry of Commerce recently approved the release of the domestic trade industry standard "Grading Standard for Timber and Timber Products Trading Markets," effective September 1st. The establishment of this standard will strengthen the management of China's timber and timber products market, improve the adjustment and upgrading of the timber and timber products industry structure, and better serve the rapid and healthy development of China's economy and society. The release of the "Grading Standard for Timber and Timber Products Trading Markets" is also an objective requirement of China's socialist market economic system, the industry's implementation of the scientific outlook on development, and China's timber industry's move towards internationalization.

The "Grading Standard for Timber and Timber Products Trading Markets" was proposed and categorized by the Ministry of Commerce of the People's Republic of China, with the China Timber and Timber Products Circulation Association's Timber Market Professional Committee as the drafting body.

Participating drafting units include the Timber Saving Development Center, Shanghai Furen Forest Products Wholesale Market, Dongguan Jilong Timber Market, Guangdong Yuzhu International Timber Market, Fuzhou Shangdu Forest Products Trading Market Development Co., Ltd., Guangzhou Fulin Timber City Trading Market Co., Ltd., Wenzhou Timber Group, Hangzhou Timber Co., Ltd. Timber Trading Market, Shenyang International Timber Trading Center, and Gansu Yuzhen Logistics Group Co., Ltd.

Timber and timber products trading markets are divided into five grades: special grade, first grade, second grade, third grade, and fourth grade. Special grade is the highest grade.

The grading of timber and timber products trading markets is mainly based on indicators such as the company's operating capacity, assets and liabilities, site facilities, timber and timber products quality and service, market management and service, personnel quality, and information level.

It is understood that the detailed rules (draft) for the implementation of the "Grading Standard for Timber and Timber Products Trading Markets" will be sent to major timber and timber products trading markets in China by the China Timber and Timber Products Circulation Association Market Professional Committee in the near future for comments. After the revision and improvement of the "Implementation Rules," it is planned to be implemented after September 1, 2015.