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Daily News / Market Analysis / Forestry / Lumber / Global / North America
September 5, 2016

British Columbia invests $150 million in strategy promoting the forest industry

British Columbia invests $150 million in strategy promoting the forest industry

British Columbia’s government is currently working on a plan to enhance the competitiveness of the province’s forest industry.

Canada is facing a hard moment because of the talks with the US regarding the lumber trade deal, which seem to reach no positive end. Thus, the threat of the US-imposed tariffs over the lumber imported from Canada is a big issue to face.

BC announced on the 31st of August a strategy worth $150 million as to increase the promotion and management of the province’s lumber. Steve Thomson, minister of forests, lands and natural resource operations, said the province is closely watching the ongoing negotiations with the U.S. to renew the 2006 softwood lumber deal that expired nearly a year ago,

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