Indeed, Canada is already bracing for another volley of duties on billions of dollars worth
of lumber exports — an industry that has enjoyed only brief interludes of free trade since the late 1980s.
Not exact matches
The Asian giant may still accounts for only 15 %
of the province's
lumber exports, but
exports to China are up 71 % in just one year, and many believe it's only a matter
of time before China, and not the U.S., becomes B.C.'s largest forestry customer.
Thirsk's involvement ended when he returned to Earth last December, but he hoped the experiment might eventually help improve the quality
of Canada's
exported lumber.
Instead, we have incorporated an extra degree
of caution in our forecast for
exports relative to our January forecast, including the potential implications
of the softwood
lumber dispute.
It raised the penalty for
exporting lumber to the U.S. from a combined rate
of 10.8 per cent to 15 per cent; it also hit Canada with the so - called «surge mechanism,» designed to discourage investment in Canadian sawmills.
Canadian
lumber exports have become an increasing source
of tension between the United States and Canada.
Despite the U.S. Department
of Commerce's decision to hit all other Canadian producers with countervailing duties
of 19.88 per cent starting this year, many industry insiders and political leaders are hopeful Atlantic Canadian companies can be exempted from tariffs on softwood
lumber exports to the United States.
A key element in this shift is China; the value
of Chinese
exports to Canada tripled over this period and Canadian
exports to China, while still small relative to
exports to the US, have grown steadily in value driven by commodity
exports which have been buoyed by high prices and huge demand in China for key Canadian
exports such as minerals (nickel, coking coal, potash, copper and iron ore), pulp and
lumber.
Eighty per cent
of Canadian
exports to these countries are raw or semi-processed goods (e.g. beef, coal,
lumber) while 80 %
of imports are high value - added goods (e.g. autos, machinery, computer and electrical components).
Completed in 1878, the railroad put the town
of Alamosa on the map with its new found supply
of ore,
lumber and cattle and
export of agricultural and mining products, with passenger and freight services continuing until 1950.
Pine was also the major species
of Canada's
lumber trade for decades,
exported to build the canals and railways that connected cities and towns throughout the U.S. and Canada.
Secondly, in addition to
lumber, Alberta intends to set up an independent panel to evaluate the other goods and services that B.C.
exports to Alberta and whether any
of these other goods or services are dangerous.
Canada is the United States» largest trading partner, and softwood
lumber exports have been the longest - running point
of friction between the two countries.
Many Canadians feel NAFTA has failed their national interests, especially when it comes to softwood
lumber, one
of our largest
exports at $ 10.5 - billion per annum.