Tuesday, November 29, 2011

WTO a Boon to Finnish Paper Industry

Finnish paper mills will get a rare boost from lower costs once Russia enters the World Trade Organization and cuts its export duties on raw wood, the Moscow Times reports quoting the Finnish business lobby.

The Finnish paper industry, led by forest groups like Stora Enso, UPM-Kymmene and Metsaliitto, had its problems exacerbated as Russia hiked its wood tariffs a few years ago, seeking to lure investment from foreign paper companies onto its soil.


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