Resolute Forest Products Praises Canada's Filing at WTO
MONTRÉAL, Jan. 11, 2018 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today expressed praise for yesterday's filing by the Government of Canada at the World Trade Organization (WTO). Canada launched a wide-ranging complaint against the United States, challenging a host of measures inconsistent with its WTO obligations.
Resolute applauds the Canadian action, standing up for Canadian jobs and families, the company's customers and business partners in the United States, and the international rule of law.
"Resolute has been a victim of this pattern of behavior by the United States Department of Commerce. We are repeatedly confronting the same discredited protectionist policies when we fairly sell paper and lumber to American consumers who need and want these products," stated Richard Garneau, president and chief executive officer. "Many more jobs are at risk in the United States when there is not enough lumber to build houses or paper to print newspapers and books. Unfortunately, it is American consumers who pay the price of unfair duties. Canada is rightly emphasizing the United States is a continental partner, and free trade between the two nations is in the best interests of both countries and their shared economic prosperity."
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in over 70 countries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
SOURCE Resolute Forest Products Inc.