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:: Saturday, March 06, 2004 ::
Nafta Panel Backs U.S. Duty on Canadian Wood Imports Update1, Bloomberg
The panel, in a ruling released in Washington, rejected Canada's contention that the U.S. used faulty methodology in justifying the duty, ruling the calculations fell within U.S. trade law. The U.S. also tags Canadian lumber with a 19 percent duty in retaliation for what it says are unfair government subsidies, making a combined tariff of 27 percent that has cost producers more than $1.6 billion since May 2002.
NAFTA panel orders U.S. to revise anti-dumping duties By STEVEN CHASE AND PETER KENNEDY
Move could lower levies three Canadian softwood firms pay to ship timber south
The U.S. timber lobby shrugged off yesterday's ruling by a panel set up under the North American free-trade agreement to probe Washington's application of anti-dumping levies in the cross-border softwood lumber dispute. Ottawa cheered the NAFTA decision as proof its legal battle against the duties is bearing fruit. 'Today's ruling shows the U.S. continues to impose unfair duties on our softwood lumber,' Trade Minister Jim Peterson said.------------------------------------------- posted 5:26 PM :: reference link ::
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