The Music Industries Association—a lobbying coalition that features the likes of Fender, Martin, PRS and Taylor among its ranks—has put forth a proposal to exempt rosewood instruments from CITES regulatory control.
Back in January 2017, CITES—the Convention on International Trade of Endangered Species—placed extensive regulations on the international trade of rosewood. The move dramatically altered the low-cost guitar industry, with manufacturers like Fender switching to alternate woods like pau ferro for their less-expensive models.
According to The Music Industries Association (MIA for short), musical instruments were "collateral damage" in the restrictions, which—according to the group's statement—were aimed at stopping illegal logging in the furniture industry.
The group is hoping that the proposal will be ratified at the next meeting of CITES, which will take place in Sri Lanka in May.
There's no word yet on whether or not CITES will actually take it up, but we'll certainly keep you posted about further developments.