Trade policies in need of overhaul, critics say
January 30, 2006 By Pulp & Paper Canada
It comes as little consolation, but the pulp and paper industry isn’t alone in its being targeted for job losses, c…
It comes as little consolation, but the pulp and paper industry isn’t alone in its being targeted for job losses, closures and cutbacks. Canadian companies in the auto assembly, heavy equipment, pork processing, as well as pulp and paper, have been hit with upwards of 2,300 jobs cuts in the last week alone, a report by Canadian Press confirmed.
According to critics, the bleeding won’t stop unless changes to Canada’s trade policies are made and implemented directly. A boisterous loony, perpetually rising energy costs, aggregated by burgeoning and cutthroat competition from China and other low-wage countries are ravaging Canada’s manufacturing industries. However, as the report indicated, instead of working towards helping faltering enterprises, Canada is instead concentrating on supplying raw materials to the U.S. all the while granting China permission to sell to its markets “without buying much back.”
“With some of our resource exports, especially in energy, we are managing to single-handedly put a crimp in our manufacturing industries because of the lack of thought and strategizing about the best interests of Canada,” the CP report confirmed Keith Newman, research director at the Communications, Energy and Paperworkers’ Union as saying.
“No other country in the position of Canada would do what we’re doing.”
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