On Saturday, the Forty-seventh session of the International Tropical Timber Council (ITTC) concluded its discussions in Antigua, Guatemala. In the morning, Producer and Consumer groups met in separate caucus meetings, followed by a brief meeting of the Committee on Finance and Administration (CFA). The CFA adopted its report, having come to a tentative agreement on the revised draft administrative budget for 2012 late on Friday night, with an increase of 3.95% over the budget for 2011.

In the afternoon, the Council convened to adopt three decisions, including on: the approval of projects, pre-projects and activities; the ITTO Biennial Work Programme for 2012-13, and the ITTO Action Plan. The Producer group nominated Makoto Ozawa (Japan) as the Council Chair, and the Consumer group nominated Jose Trinidad Suazo Bulnes (Honduras) as Vice-Chair for 2012. Both were approved by acclamation. After brief closing statements, Chair Bilé gaveled the meeting to a close at 1:27 pm.