While exploratory talks on a Canada-China free-trade deal are set to resume next week, the Canadian Cabinet minister in charge of the trade file will be in China hoping to expand demand for a key Canadian export. Currently, the largest market for Canadian softwood lumber is the United States. But Canada and the U.S. have been locked in a decades-long trade dispute over the wood, which could intensify next week when the U.S. Commerce Department is expected to announce whether it will impose a countervailing duty on Canadian softwood lumber imports…Full Article: ECNS.cn Apr 2017
- According to the Canadian government, the USA accounts for approximately 78% of Canadian softwood lumber, while China comprises the remaining share.
- Major Canadian softwood lumber producers include British Columbia’s West Fraser (founded 1955) and Canfor (founded 1939).
- China’s construction/housing industry is the primary user of Canadian lumber imports. This includes apartment construction (concrete forms), drywall/flooring (furring strips), and door/window framing.
Hong Kong Trends