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:: Wednesday, October 05, 2005 ::
Unanimous NAFTA Panel Delivers Case-Ending Victory to Canada in Softwood Lumber Dispute - SOURCE BC Lumber Trade Council
Today the NAFTA Panel on countervailing duties (CVD) issued its decision on the U.S. Department of Commerce's fourth remand determination. In a unanimous decision for Canada, the Panel overturned Commerce's last decision.
The CVD rate has already been reduced from 18.79 percent to 1.21 percent and when the DOC implements today's decision, the rate will be less than 1% meaning the duty must be revoked entirely.
'Canada has now won two major victories with the NAFTA Panels,' said John Allan, president of the BC Lumber Trade Council. 'In August we won the NAFTA Extraordinary Challenge Committee decision on threat of injury and today we have won the NAFTA Panel decision on subsidy.' He pointed out that each of these independent NAFTA panels was comprised of a majority of Americans, and each ruled unanimously in Canada's favour.------------------------------------------- posted 4:06 PM :: reference link ::
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