With record-high lumber prices and urgent demand from U.S. builders, Canadian lumber firms haven't had to lay off staff or cut production at all, despite substantial duties on U.S.-bound lumber.
A U.S. lumber trade group lauds U.S. Congressmen who are supporting efforts to negotiate a new Softwood Lumber Agreement to end what they see as unfair lumber trade practices.
Twenty-five U.S. Senators backed United States Trade Representative Froman and his team for taking a tougher stance in challenging softwood lumber imports from Canada.
Canada's Prime Minister Trudeau and U.S. President Obama have committed to establishing a long term agreement on softwood lumber between Canada. A communique issued following Trudeau's March 10 2016 state visit to the U.S. set a 100 day target for key features in the agreement.
The U.S. Lumber Coalition says the U.S.- Canada Softwood Lumber Agreement that expired October 12, 2015, is due for a rewrite, calling on Canada to come to the table, citing "Canada's unfair lumber-trade practices, including the gross under-pricing of timber on government-owned lands."
Canada will target $105 million in funding to help its forest sector strengthen its competitiveness and increase its marketing of products abroad, said Joe Oliver, Canada's minister of natural resources, in a recent report to the House of Commons.