"7.3.a Investment and taxation policies and a regulatory environment which recognize the long-term nature of investments and permit the flow of capital in and out of the forest sector in response to market signals, non-market economic valuations, and public policy decisions in order to meet long-term demands for forest products and services;
7.3.b Non-discriminatory trade policies for forest products."
There is enough in the above to keep a whole band of economists or politicians in debate for decades.
Perhaps the best place to start is to look at the emerging outcomes of forest and economic policies in BC:
- BC is vulnerable to export taxes or tariffs on softwood lumber exports to USA owing to the non market sale of public timber
- There is a major crunch or decline in timber supply in the interior of BC as salvage of timber from the mountain pine beetle epidemic nears it end. Government and forest industry have blamed the epidemic on climate change but lenient economic policies that encouraged forest industry to harvest species other than pine and fire control led to huge areas of old pine forests that were very susceptible to beetle attack.
- The coastal forest industry is suffering in a difficult period of transition to second growth harvest occasioned by rapid depletion of old growth.