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:: Tuesday, November 18, 2003 ::
No. 1 exporter Canfor wins cut in U.S. countervailing duty on softwood lumber CJAD 800 : News
Canfor Corp. of Vancouver said it received a preliminary ruling Tuesday from the department's expedited review of countervailing duties that reduces the rate Canfor pays to 12.24 per cent from 18.78 per cent. The countervailing duty and an anti-dumping duty were imposed in May 2002 on most Canadian exporters after complaints by U.S. lumber producers. They claimed all Canadian softwood exports were subsidized by provincial forest policies, especially low Crown stumpage fees, and selling in the U.S. market at below production costs or Canadian prices.
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