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:: Saturday, December 04, 2004 ::
Canada carves another notch in lumber trade tiff with new NAFTA ruling By STEVE MERTL, CP, CBC News
The U.S. government confirmed last week it would appeal that decision to a NAFTA extraordinary challenge committee, which is expect to rule by March.
If Canada wins there, the reason for imposing the duties would be removed.
However, U.S. officials have signalled they won't return the money already deposited.
Under a piece of U.S. legislation known as the Byrd Amendment, companies that claim injury from subsidized imports can apply to receive some of the money.
However, the WTO has ruled the Byrd Amendment violates international trade rules and authorized Canada, among other countries, to retaliate.------------------------------------------- posted 8:00 AM :: reference link ::
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