Forest Industry Welcomes Renewed Commitment in Federal Budget

OTTAWA, June 6, 2011 /CNW/ - he Forest Products Association of Canada (FPAC) is welcoming the budgetary measures contained in today's Federal Budget that support the industry and the 240,000 Canadians who work in the sector.

"We are pleased to see that that the Budget recognizes the significant prospects for the industry to expand its markets and diversify products beyond traditional lumber, pulp and paper. These measures will help promote strategic investments that will help the industry as it continues to emerge from the recent downturn as a dynamic player in the Canadian economy," said the President and CEO of FPAC, Avrim Lazar.

The challenges facing the forest products industry were significant issues during the recent election as highlighted by the leaders' debates and the industry was encouraged by the commitments of the party leaders to do more to support the industry and its workers.

Today's Budget reconfirmed measures found in the March 22 budget and the commitments made in the Conservative election platform that:

  • Reflect the government's appreciation of the need to partner with industry on developing new products through research and development by extending funding to FPInnovations' Transformative Technologies Program.
  • Recognize that the forest products industry needs to diversify and broaden its markets outside of the United States. This will help build on the investments that industry and government have already made that have resulted in increased exports to new markets especially in China.

The industry is also very encouraged by the two year extension of the Accelerated Capital Cost Allowance and the commitment to continue with the business tax reductions provided for by the 2007 Budget.  These important initiatives will encourage increased capital investment in Canadian mills and bolster the Canadian economy more broadly.

The industry also strongly encourages the Minister of Finance and the Bank of Canada to closely monitor the rise in the Canadian dollar, especially the impact it is having on Canada's export sector

"This Budget continues the process of developing a policy framework aimed at fostering innovation and the type of strategic investments needed for the Canadian forest products industry to lead the world. This will bolster rural communities and protect jobs, strengthen the economy and advance Canada's environmental reputation.  The industry looks forward to continuing to work with the government towards developing a policy environment that supports the industry and its transformation," says Lazar.

Forest Products Association of Canada
The Forest Products Association of Canada 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 almost 2% of Canada's GDP and is one of Canada's largest employers, operating in hundreds of communities and providing hundreds of thousands of direct and indirect jobs across the country. All FPAC members are signatories to the landmark Canadian Boreal Forest Agreement.


For further information:

Susan Murray
Executive Director, Public Relations
Forest Products Association of Canada 613-563-1441 x313

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