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Japanese investments in forestry industry



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MINISTER FOR RESOURCES ^ SENATOR PETER COOK

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27 January 1989

CO:vfi5f5;\i\viALTH PARUA/AE ,/.Γ,ν t ,£RARY MICAH

JAPANESE INVESTMENTS IN FORESTRY INDUSTRY

The Minister for Resources, Senator Peter Cook, today corrected misunderstandings and misrepresentations of his discussions with Japanese pulp and paper companies.

MI held systematic talks with the Japanese pulp and paper companies which buy our wood chip exports - from Tasmania, WA and NSW. At all these discussions I urged the Japanese companies:

. to invest in tree plantations in Australia, as a way of expanding the available wood resource and increasing security and stability of their wood supply

. to move towards further processing of timber in Australia, as a way of adding value to our wood resources, expanding our industrial base and helping to alleviate the balance of trade deficit in forest products.

"These talks are already paying dividends. The President of Daishowa has agreed immediately to consider proposals for possible purchase of an existing plantation in NSW. WACAP's customers have agreed to send a mission to Australia to consider substantial new investments in plantations. All the Japanese companies have been invited to a meeting in mid-year

in Australia to discuss their investment plans.

"None of these plans involves allowing or encouraging any Japanese take-over of our forests," said Senator Cook.

"We back the establishment of plantations because

we need to increase the total size of our wood resource

we need to relieve the pressure on native forests

we need to grow trees on marginal land to reduce salinity and improve soil conservation," he said.

The Commonwealth's plans will be discussed with the States at the next meeting of the Australian Forestry Council, in March 1989.

Contact: Gary Quinlan (062) 777480

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SENATOR PETER C

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The M i n i s t e r for Resources, S e nator P e t e r cook, today c o r r e c t e d

mieunderstending* end m i s r e p r e s e n t a t i o n s of his d 1 I C U l S l o n ·

vith Japa n e s e pulp end p i p e r c o m p anies.

"I held systematic talks with the J a p a n e s e pulp end paper

c o l o n i e s which buy our w o o d chip e x p o r t s - froe Tasmania,

lv'/1 andf NSW. At all these d i s c u s s i o n s Z urged the J a p a n e s e

c o m p a n i a s :

. to Invest in trr·· p l a n t a t i o n s 1 n A u s t ralia, as a way of

expanding the available w o o d r e s o u r c e and Increa s i n g

security and stability of their w o o d supply

. to move towards further p r o c e s s i n g of timber In A u s t r a l i a ,

as a way of adding value to our wood resources, e x p a n d i n g

our industrial base end h e l p i n g to a l leviate the b e l a n c e

of trade deficit in forest p r o d u c t s .

"These talks are already p a y i n g d i v i d e n d s . The P r e s i d e n t

of D e i * howa has agreed i m m e d i a t e l y to consIdtr p r o p o s a l s for

p o s s i b l e purchase ef an e x i s t i n g p l a n t a t i o n in NSW· W A C A P * a

customers have agreed to send a m i s s i o n to A u s t r a l i a to

consider substantial ne w i n v e s t m e n t s in p l a n t a t i o n s · Alt

the Japa n e s e companies have been I n v i t e d to a m e e t i n g in m i d - y e a r

in A u s t r a l i a to discus# their i n v e s t m e n t plans.

none of th e » · p l a n s I n v o l v e s a l l o w i n g or e n c o u r a g i n g any

J a p a n e s e t a k e - o v e r of ou r f o r e s t s . We back the e s t a b l i s h m e n t

of p l a n t a t i o n s b e c a u s e :

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V* ' «.

. we n e e d to i n c r e a s e t h e t o t a l s i z e of our w o o d r e s o u r c e ,

. we n e e d to r e l i e v e p r e s s u r e o n n a t i v e f o r e s t s

. we n e e d to g r o w t r e e s o n m a r g i n a l l a n d to r e d u c e s a l i n i t y

a n d I m p r o v e soil c o n s e r v a t i o n .

T h u C o m m o n w e a l t h ' s p l a n s w i l l b e d i s c u s s e d w i t h t h e S t a t e s

a the n e x t m e e t i n g of t h e A u s t r a l i a n f o r e s t r y C o u n c i l / 1n

f a r c h 1 9 1 9 .

C c ^ U '■ Q u . i v ( < ^ - x 0έ>3 .

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