Financial Reports & Markets
Softwood Lumber Agreement likely to expire: B.C. minister
By Cindy Macdonald
British Columbia’s Minister of Forests, Lands and Natural Resources Operations, Steve Thomson, expects the Canada-United States Softwood Lumber Agreement (SLA) will expire next month and enter a one-year standstill period.
The Alaska Highway News site reports that Thomson made the comments while visiting the ministry’s office in Dawson Creek on Sept. 2.
Thomson said his ministry’s position is consistent with the industry’s position, that is, they would like to see the agreement renewed in its current form.
“It’s very much an evolving situation. Looking towards the probable expiry of the existing agreement, we’ll continue (to work on a new deal) in that standstill period,” Thomson stated.
The federal Ministry of International Trade is taking the lead in forging a new agreement with the United States.