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corporate tax rate to 15 percent

in Dies ist ein Forum in der Kategorie 04.12.2018 08:00
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By Evan Duggan


VANCOUVER Cheap Babe Ruth Jersey , April 26 (Xinhua) -- A row that erupted this week between Canada and the United States over Canadian softwood lumber exports proves that Canada must expand its lumber trade to China and other Asian markets, Canadian officials said Wednesday.


NEW TARIFFS


Canada's government and the lumber industry must quickly diversify their export markets to reduce reliance on the United States, Premier of Canada's British Columbia province Christy Clark said.


"We have already increased our softwood lumber exports to China by over 2,000 percent with strong progress in other markets," she told reporters gathered at a lumber yard in the Vancouver suburb of Maple Ridge.


"We are going to continue to work on that. It is our hope that one day our markets will be so diversified that we don't need another softwood deal with the United States," she said.


This week, the United States slapped Canadian softwood lumber with new import duties ranging from 3 to 24 percent, starting next week.


In recent decades, U.S. administrations have occasionally blasted the Canadian lumber industry as unfairly subsidized, claiming that Canadian softwood is being "dumped" into the U.S. market at costs that undercut U.S. forest producers.


The U.S. lumber industry argues that because most Canadian timber is harvested on government-owned land, the resulting low prices for the right to harvest that wood has kept Canadian lumber below market value.


The new tariffs applied to Canadian wood by the Trump administration is a "shakedown" that mirrors similar unsuccessful attacks on Canadian lumber by the U.S. industry and government in the past, said David Emerson, B.C.'s special trade envoy to the United States.


"We're going down a path we've all seen before," he told reporters on a conference call. "It's egregious. It's terrible."


He said the Canadian federal government needs to fight the tariffs aggressively through every legal means as it has done successfully in the past. But Canada's lumber industry must diversify in the meantime, he said.


LOOKING TO CHINA


"Hopefully (this fight) will cause Canadians to reflect deeply about the importance of building trade bridges with other parts of the world, and for British Columbia, that's really largely going to involve Asia," he said.


Canada exports about 4.8 billion Canadian dollars (3.54 billion U.S. dollars) in total forest products to China annually, including about 1.6 billion Canadian dollars (1.18 billion U.S. dollars) in lumber.


Over the last ten years, Canadian forest product exports to China have climbed from 5 to 15 percent of the country's total forestry exports -- still just a fraction of the lumber that Canada exports to the United States.


There are currently no import tariffs applied to Canadian softwood by China, according to the Forest Products Association of Canada (FPAC).


Derek Nighbor, FPAC's CEO, told Xinhua in a Wednesday interview that he travelled to China three months ago as part of a B.C. government trade mission. He said China's appetite and ability to build commercial and residential structures with B.C. wood is increasing.


"As our companies get to know the Chinese market better, and as our governments deepen their relationships, I think there is untapped potential in China most definitely," he said.


The CEO noted both Canada and China are struggling with an unpredictable U.S. administration. "We and the Chinese share a common bond right now just around general uncertainty," he said.


Meanwhile, Canada's International Trade Minister Francois-Philippe Champagne and Finance Minister Bill Morneau visited China last week as part of exploratory free trade talks, according to the CBC, Canada's public broadcaster.


Morneau said the trip aimed to boost relations with China and key industries there, while Champagne worked to promote the use of Canadian lumber in home construction in China.


Canada's Minister of Natural Resources Jim Carr will also travel to China in June with forestry leaders in a bid to find new markets for Canadian softwood, the report said.


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NAIROBI, Sept. 19 (Xinhua) -- Anxiety is reaching the boilingpoint as former world marathon record holder Wilson Kipsang andOlympic champion Eliud Kipchoge left for Germany to complete at theBerlin Marathon on Sunday.


The two might be the hottest candidates to attack the 2:02.57world record set by Dennis Kimetto in 2014 and their commitment toattain this goal leaves many imagining by how far they will raisethe bar.


Throw in former Berlin marathon champion Kenenisa Bekele, formerworld marathon record holder Patrick Makau and Luke Kibet, theformer world marathon champion and it doesn't get much better thanthat.


"I can't wait for the race day. I am looking forward to battleagainst Bekele and Kipchoge. I am better placed than anyone else tobreak the world record. I have done it before and believe I am ableto do it again," Kipsang said on Tuesday in Nairobi.


The world record has been broken in the German Capital a recordsix times, four of those by Kenyans athletes - Paul Tergat, Makau,Kipsang and Kimetto - while Haile Gebreselassie also did ittwice.


But Kipsang also want to be second time lucky on Sunday as heseeks to improve his personal best time. "The journey has started,"said Kipsang. "We are on our way to Berlin marathon . Wholesale Jerseys Wholesale Jerseys From China Wholesale Jerseys China Free Shipping Wholesale NFL Jerseys Wholesale College Jerseys Wholesale Basketball Jerseys From China Cheap Wholesale Jerseys Wholesale New NBA Jerseys Cheap College Jerseys Wholesale Wholesale Jerseys China

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