Forest Products Association of Canada (FPAC) supports the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
This agreement will benefit Canada’s forest products industry by eliminating tariffs, as well as providing clear provisions to help settle disputes and avoid unfair blocking of imports due to concerns about issues such as insects or other contaminants.
“The CPTPP will further increase access to key global markets for Canadian forest products,” says CEO of FPAC, Derek Nighbor. “Fostering exports will create more middle class jobs in the over 600 forest dependent communities across Canada and help the forest sector diversify its markets.”
Between 2012 and 2016, Canadian forest products exports to the remaining members of TPP grew 14% to over $1.9B, with exports to Vietnam, New Zealand and Mexico growing the most by 152%, 100% and 39%, respectively. FPAC believes with the elimination of tariffs and strengthening trade relations between countries, Canadian forest products exports will grow even more.