VANCOUVER, Jan. 23, 2012 /CNW/ - The British Columbia Lumber Trade
Council (BCLTC) welcomed today's announcement that Canada and the
United States have agreed on a two year extension to the 2006 Softwood
Lumber Agreement (SLA).
"Because the SLA is operating substantially as expected, the BCLTC
supports an extension," said John Allan, President.
Allan further noted that "Canada's softwood lumber exports to the U.S.
have fallen significantly, and our lumber exporters are developing new
markets in Asia. However, an extended SLA will help to provide a
stable foundation for Canadian lumber trade with the U.S. when housing
and lumber demand recovers."
"We thank Canadian Trade Minister Fast and BC Minister Bell and their
staff for achieving this extension," said Allan.
The SLA will now expire in October, 2015.
The BCLTC represents 85% of interior lumber production and a substantial
proportion of coastal production.
SOURCE BC Lumber Trade Council
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