OTTAWA, Feb. 11, 2014 /CNW/ - The Forest Products Association of Canada
(FPAC) appreciates the additional support for innovation and sector
transformation in today's federal budget as a way to create jobs and
solidify Canada's reputation as a world leader in developing
cutting-edge products from wood fibre.
The "Creating Jobs and Opportunities" budget from the federal Minister of Finance, Jim Flaherty, includes an
additional $90.4 million over four years for the Investments in Forest
Industry Transformation (IFIT) program that has already helped Canadian
forest product companies develop world-first innovations.
"We welcome this renewal of the IFIT program as a way to spur jobs and
create economic growth especially in rural Canada." says the President
and CEO of FPAC, David Lindsay. "This is a strategic, future-oriented
decision that demonstrates the federal government's ongoing commitment
to the transformation of the forest industry."
FPAC has unveiled Vision2020, an ambitious plan to propel the sector
forward in the areas of products, environmental performance and
people. The support for innovation will help the industry reach its
goal of producing another $20 billion in economic activity in new
markets and innovative new products by the end of the decade.
"Our industry Vision calls for not only investment in innovation, but a
focus on skilled workers and international trade," says Lindsay. "This
budget reflects those priorities."
Lindsay notes that the government referred to the Vision2020 goal of
recruiting an additional 60,000 workers by the end of the decade.
FPAC also welcomes the budget measure that allocates $18 million over
four years for early intervention to prevent the spread of spruce
budworm in Atlantic Canada and Quebec.
FPAC provides a voice for Canada's wood, pulp, and paper producers
nationally and internationally in government, trade, and environmental
affairs. The $57-billion-a-year forest products industry represents 2%
of Canada's GDP and is one of Canada's largest employers operating in
hundreds of communities and providing 230,000 direct jobs across the
SOURCE: FOREST PRODUCTS ASSOCIATION OF CANADA
For further information:
Executive Director, Public Relations
Forest Products Association of Canada
email@example.com 613-563-1441 x313
Follow us on Twitter: @FPAC_APFC