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:: Monday, December 27, 2004 ::
U.S. bid to force lumber talks backfired, trade minister tells U.S. official AP, MaineToday.com
The industry and lumber-producing provinces were upset that Commerce used an entirely new method to calculate alleged Canadian subsidies. A method used last June that would have cut the duty rate in half was discarded.
The new method also applied a distinct formula to British Columbia, which accounts for 53 per cent of Canadian lumber shipments to America, using a cross-border price comparison that has been ruled illegal by the World Trade Organization.
Peterson condemned the approach, as well as continued American unwillingness to abolish the so-called Byrd amendment despite a WTO ruling that it flouts international trade law. The Byrd amendment allows U.S. companies deemed to have been injured by allegedly subsidized imports to receive proceeds of the tariffs.------------------------------------------- posted 11:51 AM :: reference link ::
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