Illegal logging in many regions of the world causes social conflict and violence while costing governments billions of dollars in lost tax revenue and harming forest ecosystem health. A significant amount of this illegally cut wood enters global trade, depressing the prices of wood products and presenting unfair competition to those companies that respect the law. In a series of dialogues in 2005, TFD brought together business leaders, environmental and social NGOs, industry associations, forest owners, retailers, researchers, and intergovernmental organizations to share experiences and promote commitment to reducing illegal logging.