British Columbia invests $6.2 million to grow global wood markets

British Columbia invests $6.2 million to grow global wood markets

April 10, 2015 Posted by

British Columbia’s diverse forest industry, leading-edge innovation and advantageous location for shipping make our forest products attractive to investors and buyers from around the world.

The Government of British Columbia is investing $6.2 million to support the forest sector in expanding global markets for B.C. wood products.

The funding is being made available to several industry trade associations that deliver market development programs on behalf of government and industry. Association activities will focus on expanding markets for B.C.’s solid wood products, with investment priorities reflecting evolving market opportunities in Asia, the U.S.A. and Europe. Activities will be delivered on a cost-shared basis, with additional funding provided by industry and the federal government, through Natural Resources Canada.

The April 9, 2015 announcement was made during the annual meeting of the Council of Forest Industries (COFI) and was lauded by COFI president and CEO James Gorman. “With this funding, the Council of Forest Industries will continue to promote B.C.’s world-leading forest products to growing economies in Asia including China and South Korea. Our members are already leaders within the global forest products industry, helping to drive the economy of B.C. and the communities in which they operate,” he said.

“B.C. succeeds when the province has a strong and vibrant forestry sector, and promoting this industry is a key priority for our government,” said Minister of International Trade, Teresa Wat. “Combining the skills and resources of industry and both levels of government allows us to deliver more comprehensive market development efforts in priority markets in Asia, the U.S. and Europe and generates higher returns on our collective investments.”

B.C.’s contribution is being managed through Forestry Innovation Investment (FII), the Province’s market development agency for forest products. FII also administers the Wood First program, which fosters the innovative use of wood and wood building systems in B.C., and other programs that promote the many environmental benefits of B.C. forest products.

British Columbia’s diverse forest industry, leading-edge innovation and advantageous location for shipping make our forest products attractive to investors and buyers from around the world.  With 55 million hectares of forested land, our forests supply top-quality products worldwide, including lumber, pulp and paper, wood pellets, biofuels, and value-added forest products.  Our forestry sector is world-renowned for its expertise in forest products and related services.  With leading market shares in the United States, China, Japan and South Korea, B.C. is one of the world’s largest exporters of wood products and services.  Learn more about opportunities in British Columbia’s forestry sector.
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