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Minister Fast Witnesses Signing of British Columbia Based Canaan Group’s Memorandum of Understanding

Minister Fast Witnesses Signing of British Columbia Based Canaan Group’s Memorandum of Understanding

Minister Fast witnesses the signing of a memorandum of understanding (MOU) between Canaan Group and South Korea’s Woojin Global Logistics Co. Ltd. to expand Canaan’s freight-forwarding network for lumber exports.

This will allow Canaan to use South Korea as a gateway to the growing and dynamic Asian region. Canaan Group, of Richmond, British Columbia, currently ships 300 forty-foot containers of Canadian lumber to Japan per week.

Under the CKFTA, 85 percent of Canadian exports of forestry and value-added wood products are duty-free as of January 1, 2015.