The White paper is aimed to help in reformation of the management of forest industry. The publication outlines the main problems in forest industry in Ukraine, legislative gaps in this area and the key solutions for bridging the gaps and raising the quality of Ukrainian forests that will create necessary conditions for preserving biodiversity and maintaining environmental balance of forest ecosystems, developing recreation and green tourism, ensuring sustainable use of forest resources. The document provides environmental and economic arguments for the adoption of legislative changes, as well as highlights the positions of stakeholders and key implementers of the decisions for the purpose of reforming and ecologizing the forestry sector in Ukraine. In our research, we studied the foreign experience of the leading countries of the world and based our vision on changes in the industry based on the ideas and best practices of forest management in the United States of America and European countries.