B.C. forestry sector maintains full focus on Chinese market

Logs being loaded onto a bulk carrier in Nanaimo. The B.C. forest industry depends on China for about a quarter of its business | TamasV/ Shutterstock

Industry News

Conflict over Canada’s detainment of Huawei Technologies Co. Ltd. CFO Meng Wanzhou has brought repeated calls in government, trade promotion and academic circles for Canada and B.C. businesses to divert trade away from the Chinese market.

But for B.C.’s forestry-products sector – often seen as one of the province’s fundamental industries, contributing $12.9 billion in GDP to the B.C. economy – those calls to diversify beyond Canada’s largest Asian trade partner have been met with defiance.


Source: Business in Vancouver