Jul 30, 2008. /Lesprom.com/. Guyana is increasing tax rates on some log exports to encourage domestic production of wood products like furniture, Business week reported. The 5% increase per log applies to about 20 types of popular tropical hardwoods exported to the U.S., Europe and Asia. The upcoming 7% rate becomes effective in January and will increase to 12% by 2011. Agriculture Minister Robert Persaud says the South American country considered banning exports altogether to dissuade logging without investment in wood manufacturing. He said that the hike will not affect 50 other types of wood to encourage harvesting of those species. Dense rainforest covers about 75% of Guyana. About 20% is leased to timber companies.