Resolute Asks for Help with No Softwood Lumber Trade Agreement in Sight
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Representatives of Resolute Forest Products (Canada) are asking Queen’s Park for help, as they battle with American producers for access to U.S. markets. Resolute says they have $100 million in duty deposits sitting in Washington, and there’s still no agreement on softwood lumber.
In their delegation to the finance committee of the legislature earlier this week, the company spokesman noted they had invested $250 million in the province, and they employ more than 4,000 workers.
Resolute supported three main strategies:
•the federal loan guarantee program that helps Canadian exporters deal with the uncertain export climate in the U.S.
•defend exporters against punitive tariffs and duties being imposed by President Donald Trump
•help exporters with access to American markets
In November 2017, Ottawa announced $867 million to help support the softwood lumber industry.
