Recent Trade News
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Canadian Lumber Producers Reject Rumoured U.S. Calls For Return to Quotas
By Ross Marowits, The Canadian Press May 10, 2016
Canadian forestry company executives are eager for a new softwood lumber agreement but say they are not interest in a rumoured U.S. proposal to reinstate across-the-board quotas.
Resolute Forest Products chief executive Richard Garneau says word surfaced last week that the U.S. is seeking quotas that would put a hard cap on how much lumber could be exported to that country.
It's a position that has long been advocated by the influential U.S. Lumber Coalition, but a non-starter for Canadian producers who don't want to be constrained as demand grows amid a recovery in U.S. housing construction.
Garneau said producers in Central Canada should be able to trade freely into the U.S. because wood costs are now at market levels following changes since 2013 to Quebec's forestry regime.
Read Full Article on The Canadian Press »