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E.U. expansion could cut N.American wood industry

SEATTLE, May 26 (Reuters) - A newly expanded European Union could boost that region's wood industry, siphoning profits from North American rivals in the markets of Europe, the United States and fast-growing Asia.
Forestry product output in the 10 countries that joined the trade group May 1 is growing rapidly and is likely to accelerate as producers there become more efficient under the EU's regulatory and economic system. The trade block could also help European producers capture more markets in the U.S.
http://biz.yahoo.com/rc/040526/timber_eu_1.html

;o)
PCL is my only stock in this sector
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