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Reduced log export fee extended in B.C.

Dec. 14, 2016 - The province of B.C. has extended its reduced fee for log exports in the Mid-Coast Timber Supply Area until June 2018, the Ministry of Forests, Lands, and Natural Resource Operations announced Monday.

The decision was made in an effort to support local jobs in forestry.

The extension may also come as an additional relief to some Canadian producers, with the possible U.S. softwood lumber duties looming.

Among all of Canada’s provinces, B.C. appears to be the most braced in the event of U.S. taxes being imposed. More than 90 per cent of timber harvested in the province is sold domestically, according to the ministry.

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December 14, 2016  By  Tamar Atik