Madam Speaker, let me begin by saying how pleased I am to have the opportunity to stand up again to speak on this very important issue. Before I do, I did not have the opportunity yet in this House to thank the people of Markham—Thornhill for electing me and placing their vote of confidence in me. I continue to be humbled to serve as their member of Parliament.
Just like my colleague, the hon. member for Mission—Matsqui—Fraser Canyon, I too take this issue very seriously. Canada's forestry sector is of great importance to our communities, as well as to our economy, and this is why our government has announced $867 million in investment to support affected workers, introduce loan guarantee programs, reduce the risk of job losses, support affected communities, stabilize operations, diversify markets and promote innovation in the sector.
Let me state unequivocally that the duties the United States has imposed on Canadian softwood lumber are completely unwarranted and unfair. More than that, they are harmful to all the Canadian workers in communities across the country for which the softwood lumber industry is an economic anchor. The recent doubling of the duties announced by the United States Department of Commerce is extremely disappointing and unjustified.
We can be proud of our softwood lumber industry, and the government is vigorously defending its interests.
Unfortunately, this is not the first time that the United States has slapped duties on Canadian softwood lumber. We have been through this before, and each time, the independent dispute settlement panels ruled that Canada was a fair trading partner.
Canada is actively pursuing legal challenges against U.S. duties under chapter 19 of NAFTA, chapter 10 of CUSMA and before the WTO. Let me remind members that the WTO panel ruling on Canada's challenge of U.S. duties on softwood lumber found overwhelmingly in Canada's favour in August 2020. We are confident that this will continue to be the case.
Canadian softwood lumber is a priority for the federal government. While we will continue to defend our industries, interests and litigation until these duties are removed, we are also raising this issue with the United States at every opportunity. The Prime Minister raised it with President Biden earlier this month, Minister Joly raised it with her U.S. counterpart Secretary Blinken and I have raised it on many occasions with Ambassador Tai and Secretary Raimondo.
These duties are unjustified and harm both our countries. We will continue our efforts until we reach an agreement that supports the Canadian industry and its workers.
The United States relies on high-quality Canadian lumber. Adding these unjustified duties merely harms their own consumers and home builders at a time when housing affordability is already a significant concern for many.
I have worked directly with industry. I have convened meetings with industry representatives from across the country and just last week spoke directly with leaders of the sector. I will continue to work hand in hand with our partners to ensure that our approach and any solutions we pursue are informed by the needs of our forestry sector and the workers whose jobs it supports.
We remain ready to discuss terms that will be in the best interests of our country. However, I will make one thing clear: We will not accept just any deal. We will continue to work closely with the provinces and territories, industry, indigenous partners and others to determine the best approach and to stand up for our forestry sector.