New Brunswick updates lumber market system
New Brunswick’s auditor general Kim Adair-MacPherson released a report yesterday that says the province has updated the system for calculating sales to sawmills from private woodlots, which helps set royalties paid for timber from Crown land.
According to CBC News, the change fixes a “major irritant” that was part of the reason for U.S. tariffs on softwood lumber.
“We hope today’s report advances rightful pursuit of duty free lumber exports to the United States for the NBLP,” Jerome Pelletier, a vice-president of J.D. Irving Ltd. and chair of the New Brunswick Lumber Producers, told CBC News.
According to Adair-MacPherson, the New Brunswick government now needs to use the system to update rates annually, which has not been done since 2015.
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