Forest industry welcomes trade deal with Europe

Last year the Canadian forest sector exported more than $1 billion of wood, pulp and paper products to the EU member states

OTTAWA/CNW/ – The Forest Products Association of Canada (FPAC) expressed its support on Oct. 18 for the agreement in principle for a Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union. One of its measures will result in the elimination of quotas and tariffs of up to 10 per cent on imports of wood based panels.

“We welcome this trade deal and appreciate the government’s strong push in the area of freer trade,” said the president and CEO of FPAC, David Lindsay. “The prosperity of the forest products industry relies on strong exports.”

Last year the Canadian forest sector exported more than $1 billion of wood, pulp and paper products to the EU member states. This was four per cent of total exports of Canadian forest products, making Europe the third largest international market for the sector. The largest importers of Canadian forest products in Europe are the United Kingdom, followed by Italy, Germany, the Netherlands and France.

“The forest products industry is aiming to increase its revenues by $20 billion through new markets and new innovations as part of our Vision2020 initiative,” says Lindsay. “The sector is working hard to diversify its markets beyond the United States and we encourage the government to continue advocating for increased trade in regions such as Europe and Asia. These areas provide good market opportunities for our industry’s traditional and future products.”

FPAC also urges speedy ratification by governments and prompt implementation of this landmark deal.

 

FPAC provides a voice for Canada’s wood, pulp, and paper producers nationally and internationally in government, trade, and environmental affairs. The $57-billion-a-year forest products industry represents two per cent of Canada’s GDP and is one of Canada’s largest employers operating in hundreds of communities and providing 230,000 direct jobs across the country.

 

 

Just Posted

Police search for missing couple in Barriere area

A senior couple from the Lower Mainland have been reported missing

Back in Time

Historical Perspective

Ghouls give back

Haunting for the greater good

Local author to release three new titles

Book launches scheduled for Nov. 21

Fashion Fridays: 5 coats you need this winter!

Kim XO, lets you know the best online shopping tips during Fashion Fridays on the Black Press Media Network

B.C. to fund gender-affirming surgeries for transgender people

Roughly 100 people in B.C. travel each year out of province for lower surgeries

U.S. mayor and dying dog’s roadtrip to B.C. goes viral

First vacation in three years came a month after blood cancer diagnosis

Federal fall update expected to offer more support for struggling news industry

Ottawa committed $50 million over five years for local journalism in ‘underserved communities’ last budget

UK’s May appeals to public on Brexit, braces for more blows

British Prime Minister Theresa May answered questions from callers on a radio phone-in, the day after she vowed to stay in office

VIDEO: Stan Lee leaves posthumous message for his fans

Marvel Comics’ co-creator died on Monday at the age of 95

$136M in transit funding coming to B.C.

The announcement was made at the BC Transit yard in Langford on Friday morning

Ottawa apologizes to Japanese family in B.C. after chopping historic cherry trees

Plaque installed in Prince Rupert to honour the memory of Shotaro Shimizu

Two B.C. police officers, held in Cuba for months, cleared of sex assault allegations

Port Moody Const. Jordan Long and Vancouver Const. Mark Simms have been in Cuba since March

Most Read