Mar 14, 2014

Canada-Korea trade pacts gets forest industry approval


By: Northern Ontario Business staff

The Forest Products Association of Canada (FPAC) is supporting the free trade agreement reached between Canada and Korea.

“The hundreds of communities across Canada who depend on a strong forest products industry benefit from a strong export agenda,” said FPAC president and CEO David Lindsay in a March 11 statement. “The signing of this deal will help the forest products industry continue to diversify its markets.  We encourage the government to continue advocating for more open international relations, freer trade and the necessary infrastructure to support a strong export agenda.”  
The industry group said the deal will make Canadian wood products much more competitive with the elimination of duties that range from one to 10 per cent.

It will also help to prevent discriminatory practices affecting Canadian wood products entering Korea based on production methods or other factors.
Last year, the Canadian forest sector exported more than $500 million worth of wood, pulp and paper products to South Korea, making it Canada’s fourth largest export market. Over half of those products came from Western Canada. Pulp currently makes up the largest portion of forest products exported to South Korea.



© 2014 Northern Ontario Business Ltd.