As tensions continue to flare and escalate with the Trump
Administration, Canada is eyeing different markets for its
lumber.
According to a press release, efforts are underway to diversify
and strengthen British Columbia’s forestry sector with a new
office in London, England.
The office will be a hub for B.C.’s forestry sector to expand
its market share across Europe and the United Kingdom.
“British Columbia is the second largest exporter of softwood
lumber in the world, and with U.S. President Donald Trump’s
continued attacks on our forestry workers and economy, we are
not sitting idly by,” said Ravi Parmar, Minister of Forests. “We
are making it easier for our friends across the pond to buy our
world-class lumber, and we are supporting our forestry sector to
get boots on the ground in more growing wood markets around the
world.”
B.C.’s Crown corporation, Forestry Innovation Investment (FII),
will be expanding its presence to the U.K. to work with the
forestry industry there, around Europe, and eventually, select
markets in the Middle East and northern Africa, to grow B.C.’s
forestry sector footprint internationally. This new office will
give B.C.’s forestry sector a representative to help expand
growing wood markets in the U.K. and Europe.
“Expanding into the U.K. reflects FII’s commitment to building
resilient, diversified markets for B.C. forest products,” said
Rick Doman, board chair, FII. “The current trade-impeding U.S.
duties and tariffs on Canadian softwood lumber underscore the
importance of reducing reliance on any single market. Together
with industry, we’re determined to re-establish B.C.’s foothold
in the U.K. and drive growth across Europe and the Middle East
and North Africa region.”
This is the newest FII office, joining offices in China, India
and Vietnam, and industry-led offices in Japan and South Korea.
This international network of offices advances the use of wood
as a building material around the world and positions British
Columbia as a preferred supplier.
Through export development programs and trade missions, FII
expands wood markets, while showcasing B.C.’s high-quality wood
products and attracting global investment back to B.C. FII leads
research on advancements in wood technology, working with
international governments and policymakers on policies and
regulations to encourage wood use in new and existing markets.
The Province has taken action to support the expansion of
forestry markets domestically and internationally. The expansion
into the U.K. and Europe is part of a strategy to expand B.C.’s
market footprint in established and emerging wood markets around
the world. Market diversification helps the sector be more
resilient to global market swings or market instability caused
by U.S. trade actions on softwood lumber and other wood
products.
Source:
news.gov.bc.ca