{"id":475220,"date":"2024-09-11T18:37:00","date_gmt":"2024-09-11T10:37:00","guid":{"rendered":"https:\/\/www.ipim.gov.mo\/ipim-news\/2024-09-13-leveraging-platform-strengths-to-expand-international-business-opportunities-glstf-2024-kicks-off-today-11-september-in-macao\/"},"modified":"2024-09-11T18:37:00","modified_gmt":"2024-09-11T10:37:00","slug":"2024-09-13-leveraging-platform-strengths-to-expand-international-business-opportunities-glstf-2024-kicks-off-today-11-september-in-macao","status":"publish","type":"post","link":"https:\/\/www.ipim.gov.mo\/en\/ipim-news\/2024-09-13-leveraging-platform-strengths-to-expand-international-business-opportunities-glstf-2024-kicks-off-today-11-september-in-macao\/","title":{"rendered":"[2024\/09\/11] Leveraging platform strengths to expand international business opportunities  GLSTF 2024 kicks off today (11 September) in Macao"},"content":{"rendered":"<p style=\"text-align:justify\">The Global Legal &amp; Sustainable Timber Forum 2024 (GLSTF 2024) kicked off today (11 September) in Macao under the theme \u201cTogether Towards Reliable and Effective Global Timber Supply Chains\u201d.<\/p>\n<p style=\"text-align:justify\"><strong>Attracting 700 guests from over 40 countries and regions<\/strong><\/p>\n<p style=\"text-align:justify\">This year\u2019s forum has attracted around 700 guests from over 40 countries and regions, including representatives from international organisations, national governments, and timber industry associations and enterprises.<\/p>\n<p style=\"text-align:justify\">The opening ceremony was officiated by Ho Iat Seng, Chief Executive of the Macao Special Administrative Region, Zheng Xincong, Director of the Liaison Office of the Central People\u2019s Government in the Macao S.A.R., and Sun Xiangyang, Deputy Commissioner of the Ministry of Foreign Affairs of the People\u2019s Republic of China in the Macao Special Administrative Region, along with ministerial-level delegates from countries such as the Central African Republic, the Republic of Fiji, the Republic of the Congo and Peru.<\/p>\n<p style=\"text-align:justify\"><strong>Enhancing Macao\u2019s reputation and showcasing its MICE hardware and software capacities<\/strong><\/p>\n<p style=\"text-align:justify\">Lei Wai Nong, Secretary for Economy and Finance of the Macao SAR Government, said in his speech that GLSTF, the first international conference on the timber industry held in Macao, is an integral part of the International Tropical Timber Organization\u2019s (ITTO) efforts to promote the establishment of a legal and sustainable supply chain. The fact that the event has been held in Macao for two consecutive years reflects international organisations\u2019 recognition of Macao\u2019s MICE software and hardware capacities, which would not be possible without the guidance and support of the relevant ministries and commissions of the Central Government and the organisations based in Macao.<\/p>\n<p style=\"text-align:justify\">He pointed out that the Macao SAR Government will continue to leverage its unique advantages and work with the industry to bring more market-oriented, professional and international convention and exhibition projects to Macao, thus consolidating and enhancing Macao\u2019s international image and influence and enhancing its reputation as an international metropolis.<\/p>\n<p style=\"text-align:justify\">In her video address, Executive Director of ITTO Sheam Satkuru urged all sectors of society to support the development and improvement of a sustainable global timber supply chain amidst challenges and uncertainties.<\/p>\n<p style=\"text-align:justify\"><strong>Facilitating exchanges and co-operation among enterprises and boosting technological innovation<\/strong><\/p>\n<p style=\"text-align:justify\">This year\u2019s event features a forum, four specialised sub-forums, and multiple business matching sessions, focusing on seamless integration across the entire industry chain, from upstream resources to downstream markets. The forum brought together industry leaders and experts to explore sustainable supply chain development and share best practices.<\/p>\n<p style=\"text-align:justify\">The sub-forums will delve into raw material selection, the environmental impact of production, and end-product recycling to raise the industry\u2019s environmental awareness. The business matching sessions are designed to facilitate exchanges and co-operation among enterprises, boost technological innovation and highlight Macao\u2019s vital role in the global timber industry.<\/p>\n<p style=\"text-align:justify\"><strong>Unlocking opportunities for green finance and cross-border trade in Macao<\/strong><\/p>\n<p style=\"text-align:justify\">Research findings on the Global Timber Index (GTI) and blockchain technology, supported by IPIM and involving local higher education institutions, were presented at the forum. The GTI Platform is now up and running, with three new pilot countries, two additional industry indices, and the provision of training and business matching services. Moreover, the Blockchain-based Timber Tracking System (BTTS) has been successfully tested and will focus on technology upgrades and the development of a standardised system to further encourage international co-operation and innovation.<\/p>\n<p style=\"text-align:justify\">The sub-forum \u201cGreen Finance and Innovative Facilitating Measures for Green Supply Chains\u201d and the \u201cGlobal Forestry Youth Leadership Workshop: Wood and Bamboo Sustainable Buildings\u201d, organised by business associations and higher education institutions in Macao, underline Macao\u2019s proactive role in advancing green economic development. Furthermore, business associations in Macao will participate in the \u201cAction Framework for Promoting Legal &amp; Sustainable Timber Supply Chains\u201d and the \u201cGreen Finance and Green Supply Chains (GF&amp;GS) Integration Action Plan\u201d, unlocking new opportunities for green finance and cross-border trade in Macao.<\/p>\n<p>Co-hosted by ITTO and IPIM, the GLSTF 2024 will hold its specialised sub-forms and side events tomorrow (12 September), with exhibition areas for wood products and small wood building materials. For more details, please visit the official website: http:\/\/www.glstf.net\/.<\/p>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKNYAqJ\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"Chief Executive Ho Iat Seng presides over the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKNYAqJ\" title=\"Chief Executive Ho Iat Seng presides over the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.\" alt=\"Chief Executive Ho Iat Seng presides over the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">Chief Executive Ho Iat Seng presides over the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKd8LPE\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"Group photo of Chief Executive Ho Iat Seng and guests at the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKd8LPE\" title=\"Group photo of Chief Executive Ho Iat Seng and guests at the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.\" alt=\"Group photo of Chief Executive Ho Iat Seng and guests at the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">Group photo of Chief Executive Ho Iat Seng and guests at the Opening Ceremony of the Global Legal &amp; Sustainable Timber Forum 2024.<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKmg2PA\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"According to Mr Lei Wai Nong, GLSTF has further \u201cpromoted exhibitions with conventions\u201d and \u201cattracted investment through exhibitions\u201d, increasing international traders\u2019 demand for high-end wood products and creating more business opportunities.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKmg2PA\" title=\"According to Mr Lei Wai Nong, GLSTF has further \u201cpromoted exhibitions with conventions\u201d and \u201cattracted investment through exhibitions\u201d, increasing international traders\u2019 demand for high-end wood products and creating more business opportunities.\" alt=\"According to Mr Lei Wai Nong, GLSTF has further \u201cpromoted exhibitions with conventions\u201d and \u201cattracted investment through exhibitions\u201d, increasing international traders\u2019 demand for high-end wood products and creating more business opportunities.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">According to Mr Lei Wai Nong, GLSTF has further \u201cpromoted exhibitions with conventions\u201d and \u201cattracted investment through exhibitions\u201d, increasing international traders\u2019 demand for high-end wood products and creating more business opportunities.<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKe5i9M\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"In her video address, Executive Director of the International Tropical Timber Organization (ITTO) Sheam Satkuru urges all sectors of society to support the development and improvement of a sustainable global timber supply chain.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKe5i9M\" title=\"In her video address, Executive Director of the International Tropical Timber Organization (ITTO) Sheam Satkuru urges all sectors of society to support the development and improvement of a sustainable global timber supply chain.\" alt=\"In her video address, Executive Director of the International Tropical Timber Organization (ITTO) Sheam Satkuru urges all sectors of society to support the development and improvement of a sustainable global timber supply chain.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">In her video address, Executive Director of the International Tropical Timber Organization (ITTO) Sheam Satkuru urges all sectors of society to support the development and improvement of a sustainable global timber supply chain.<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKbAdNJ\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"High-Level Segment: Together Towards Reliable and Effective Global Timber Supply Chains\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKbAdNJ\" title=\"High-Level Segment: Together Towards Reliable and Effective Global Timber Supply Chains\" alt=\"High-Level Segment: Together Towards Reliable and Effective Global Timber Supply Chains\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">High-Level Segment: Together Towards Reliable and Effective Global Timber Supply Chains<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKQQ7ew\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"Attendees of the Global Legal &amp; Sustainable Timber Forum 2024 together expand business opportunities for the global timber industry.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKQQ7ew\" title=\"Attendees of the Global Legal &amp; Sustainable Timber Forum 2024 together expand business opportunities for the global timber industry.\" alt=\"Attendees of the Global Legal &amp; Sustainable Timber Forum 2024 together expand business opportunities for the global timber industry.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">Attendees of the Global Legal &amp; Sustainable Timber Forum 2024 together expand business opportunities for the global timber industry.<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKfhzDb\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"Research findings are presented and the Global Timber Index (GTI) Platform is up and running.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKfhzDb\" title=\"Research findings are presented and the Global Timber Index (GTI) Platform is up and running.\" alt=\"Research findings are presented and the Global Timber Index (GTI) Platform is up and running.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">Research findings are presented and the Global Timber Index (GTI) Platform is up and running.<\/p>\n<\/p><\/div>\n<div class=\"wp-caption alignnone\">\n                <a href=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKrxK4Z\" data-component=\"Popup\" data-fancybox=\"gallery\" data-caption=\"Action plans for multinational collaboration are signed during the forum.\" data-type=\"image\"><br \/>\n                <img decoding=\"async\" class=\"size-large\" src=\"https:\/\/cdn.gcs.gov.mo\/api\/resource\/ibs\/P24IKrxK4Z\" title=\"Action plans for multinational collaboration are signed during the forum.\" alt=\"Action plans for multinational collaboration are signed during the forum.\" width=\"1024\"><br \/>\n                <\/a><\/p>\n<p class=\"wp-caption-text\">Action plans for multinational collaboration are signed during the forum.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Global Legal &amp; Sustainable Timber Forum 2024 (GLSTF 2024) kicked off today (11 September) in Macao under the theme \u201cTogether Towards Reliable and Effective [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":480998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-475220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipim-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>[2024\/09\/11] Leveraging platform strengths to expand international business opportunities GLSTF 2024 kicks off today (11 September) in Macao | Commerce and Investment Promotion Institute<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" 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