The EU's first biennial review of EUTR implementation, including a stakeholder consultation process, is underway (European Commission, 2015b). An analysis of EU trade flows for the biennial review did not identify any step-change in trade resulting from the EUTR, but it did note that the regulation is reinforcing existing trends, for example in reducing speculative purchasing and focusing EU imports on a more limited range of operators able to offer reliable legality assurances (IMM, 2015). The key focus of the summit was on valuing the timber and forestry resource, with delegates considering how the wood industry worldwide could maximize the commercial potential of legal and sustainable forestry and timber production.