U.S. Duties Will Drive Canadian Wood Exports to China, Minister Says
- Trade Minister Champagne says export opportunity is ‘enormous’
- Canada in exploratory talks with China on free trade agreement
A worker splits cedar logs to manufacture shakes and singles at the S&W Forest Products Ltd. facility in Maple Ridge, British Columbia, Canada.
Photographer: Abigail Saxton/BloombergThis article is for subscribers only.
A rise in U.S. tariffs on Canadian softwood will help drive an increase in lumber exports to China and other Asian markets, Canada’s top trade official said.
“There’s an enormous opportunity,” said Trade Minister Francois-Philippe Champagne in an interview in Singapore on Monday. “Diversification is the key, that’s why Canada has an ambitious trade agenda.”