Canada Forest Products Industry to Deep Economic Ties with China
OREANDA-NEWS. August 17, 2012. The Forest Products Association of Canada (FPAC) is urging the government to follow through on the conclusion of the Canada-China Economic Complementarities Study which states that Canada and China should continue to strengthen their bilateral trade and investment ties. Canadian forest companies are already working hard to deepen relations with the lucrative consumer market in China, as FPAC said in the press release received by Lesprom Network .
Increased exports are also essential for the forest products industry to reach its Vision2020 goal of generating an additional USD 20 billion in economic activity from new innovations and growing markets
“Growing our exports to overseas markets, especially China, is vital to our Vision and the future prospects of Canada’s forest products sector,” says Catherine Cobden, the President and CEO of FPAC. “We agree with this study which highlights the benefit of deeper Canada-China trade and investment ties.”
Forest products are already Canada’s number one export sector to China. Since the year 2001 the industry has increased its wood exports to China by 45 times. Total Canadian forest products exports to China exceeded USD 4 Billion in 2011.
“We truly appreciate the important role the federal government has already played in supporting the sector’s market diversification efforts overseas especially in China,” says Cobden “Record-high sales of Canadian forest products to China are creating jobs and economic opportunities for Canadians especially in rural communities that rely on the health of the forest sector”.
FPAC provides a voice for Canada’s wood, pulp, and paper producers nationally and internationally in government, trade, and environmental affairs.
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