Forest products industry recovering after years of Labor mismanagement

24 September, 2014

A new industry survey reveals Australia's forest products industry is recovering under a Coalition Government that recognises the importance of forestry.

Senator Richard Colbeck, Parliamentary Secretary to the Minister for Agriculture, welcomed findings of the Australian Forest Products Association's (AFPA) first annual business confidence survey, released today.

"The AFPA business confidence survey highlights positive signs for the forest products industry, with the national business confidence index scoring a positive 13.73 which indicates confidence in the year ahead," he said.

"The majority of businesses are predicting increased capital investment and increased sales this financial year, with the best result coming from South Australia where 77 percent of executives are expecting to increase capital investment."

Senator Colbeck said it is particularly pleasing to see a high level of industry confidence returning after years of mismanagement under a Labor Government that did not recognise the importance of forestry.

"Timber is undoubtedly the building material of the 21st Century and Australia is well placed to take advantage of the opportunities presented by this trend."

Senator Colbeck said the Coalition is focussed on creating the right policy foundation for a strong and sustainable long-term future for the forestry industry, including the forest products sector.

"We have done as promised and removed the toxic carbon tax, resulting in significant cost savings for business," he said.

"I recently announced the establishment of the Forestry Advisory Council which will develop a national plan for the industry. Council members have wide-ranging experience within the forestry industry and community."

"We are committed to supporting long-term Regional Forest Agreements and establishing a 20 year rolling life for each agreement and have begun working to implement this policy."

More details of the AFPA annual business confidence survey can be found on their website - www.ausfpa.com.au

240914 Forest products industry recovering after years of Labor mismanagement
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