U.S. Commerce Department cuts duty on Canadian softwood by 10 per cent By Steve Mertl, AP, Vancouver Sun
Canada exports more than $10 billion a year worth of softwood lumber to the United States, about half from British Columbia, supplying about one third of American demand for construction and renovation lumber.
The duties were confirmed in May 2002, a year after U.S. producers filed their fourth complaint in 20 years alleging Canadian lumber was subsidized through low Crown stumpage fees and other provincial forestry policies.
Canada has steadfastly denied the accusation and challenged the duties before NAFTA and World Trade Organization bodies.
A series of NAFTA rulings over the last year, which are binding, forced Commerce to revise its rates downward.