The Globe and Mail reports in its Tuesday, May 23, edition that a rise in U.S. tariffs on Canadian
softwood will help drive an increase
in lumber exports to China
and other Asian markets,
says Trade Minister Frandois-Philippe Champagne. A Bloomberg dispatch to The Globe reports that Mr. Champagne says: "There's an enormous opportunity. Diversification is the key.
That's why Canada has an ambitious
trade agenda." Mr. Champagne will travel
to South Korea next week as
Canada tries to boost trade and
stimulate its economy. Natural
Resources Minister Jim Carr is
scheduled to accompany Canadian
forestry leaders on a visit to
China in June.
Canada's diplomatic push
comes after President Donald
Trump reignited an old
dispute last month by slapping
duties as high as 24 per
cent on Canadian softwood. Prime Minister Justin
Trudeau has said he would consider
banning thermal-coal shipments
from the United States.
Mr. Champagne says Canada's
lumber pitch resonated in China
and other Southeast Asian countries
because softwood was an
environmentally friendly building
material that could satisfy a
growing regional housing need
without driving up greenhouse
gas emissions.
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