Announcement
01 Jun 2017
Canada is providing a Can.$867 million support package for its foresty sector, the largest component of which consists of loans and loan guarantees. According to the U.S. Lumber Coalition, the assistance provided through Export Development Canada and the Business Development Bank of Canada “only further tilts the trade scale in Canada's favor, threatening more than 350,000 jobs in communities across the United States.”
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Number of interventions
4
4 certainly harmful
0 likely harmful
0 liberalising
List of interventions
4 in force
Implementation date
01 Jun 2017
Revocation date:
No revocation date
State loan
In force
Responding to the threat of countervailing duties imposed by the United States, the government of Canada announced on June 1, 2017 a Can.$867 million (U.S.$654 million) assistance plan for the country...
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Other export incentive
In force
Also among the larger components of the package is Can.$45 million (US$34 million) over three years (US$11 million/year) in Natural Resources Canada’s (NRCan's) Expanding Market Opportunities (EMO) pr...
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Financial grant
In force
A further component of the package is Can.$55 million (US$42 million) over three years in the Investments in Forest Industry Transformation (IFIT) program. Created in 2010, the IFIT program offers non...
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State aid, nes
In force
The final component of the package is Can.$63 million (US$48 million) over three years (US$16 million per year) in the Forest Innovation Program (FIP). Originally created in 2012 with a federal govern...
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