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ARTICLE · 22 JANUARY 2014

Timber! $1 Billion China-BC Forestry MOU Signed

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The Honourable Stockwell Day, Strategic Advisor at McMillan, recently accompanied BC Premier Christy Clark and a business delegation on her ten day visit of China, Korea and Japan.

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The Hon. Stockwell Day
The Hon. Stockwell Day
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The Honourable Stockwell Day, Strategic Advisor at McMillan, recently accompanied BC Premier Christy Clark and a business delegation on her ten day visit of China, Korea and Japan. As reported in the Globe and Mail,1 on November 26, 2013 a forestry investment memorandum of understanding (MOU) worth up to $1 billion CAD was signed in Beijing. The initiative was put together and negotiated with the involvement of RCI Capital Group - an Asia-Pacific focused investment bank headquartered in Vancouver with offices in Montreal, US, China, Korea and India. Stockwell is a Lead Director for RCI.

The MOU was signed between the Office of The British Columbia Representative in Asia and Investment and Trade Commissioner (BCRA) – represented by BC's new Trade Commissioner, Ben Stewart, and the China New Energy Chamber of Commerce Biomass Energy Industry Association (CNECC), represented by Vice Chairman Hong Hao.

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