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35 The subsidies were among a bundle of measures enacted as Decreto Ley 701 (DL701), the forestry law in 1974. The primary intent of DL 701 was to persuade the private sector to assume the task of reforestation. The decree maintained some of the tax exemptions established in 1931 and added direct payments to the tax incentives. The key provision reimbursed 75 percent of the costs of reforestation (Clapp, 1995b).

36 A comprehensive review of evidence concerning the narrow-sense sustainability of forest plantations was recently commissioned by the UK Department for International Development (for further details, see: Evans, 1999).

37 However, Di Nicola et al also noted that:

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