London Court of International Arbitration makes softwood lumber ruling
February 26th, 2009 | Posted in Softwood Lumber Dispute | 3 comments »
The London Court of International Arbitration made a ruling today to be imposed for Ontario and Quebec lumber producers’ 2007 shipments of lumber to the U.S. over their quota levels under the United States-Canada Softwood Lumber Agreement.
Under today’s ruling, Canada has been ordered to impose on Ontario, Quebec, and other provinces an additional 10% export tax until Canada collects the full $68 million remedy judgment as determined by the panel.
The U.S. Coalition for Fair Lumber Imports welcomes this ruling and expects Canada to fully implement the remedy beginning no later than 30 days from now.
However they are not holding their breath as they have several other beefs with Canada – including the belief that Canada is violating the trade agreement both by breaching the softwood-lumber agreement export measure commitments and by circumventing those commitments through additional subsidies and related actions, including recent stumpage price manipulations in British Columbia.
Source: U.S. Coalition for Fair Lumber Imports Press Release
3 Responses to London Court of International Arbitration makes softwood lumber ruling
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Just what the industry needs…another 10% tax and a lot of hurt feelings between Canada and the coalition.
As if we don’t have enough other stuff to worry about right now….
Free trade? Now that Harper has let the forest industry die in Canada this should be the last nail in the coffin.
Time for Harper to go and get a job with his mentor Mulroney and their Bay street friends.
Politics before people. The Liberals and NDP could have put up a fuss and stopped the deal but they didnt. Now we are saddled with a worse deal than none at all. Our politician should all be ashamed of themselves. Who exactly do they work for???