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US - Canada lumber & WTO

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Sandhusker

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The United States has made sufficient changes to import duties on Canadian lumber and is now in compliance with international rules, the World Trade Organization ruled Tuesday.

A WTO compliance panel found that the United States made its legislation comply with a previous ruling, rejecting claims from Canada that its producers continued to suffer from unfair U.S. duties.

The decision means that Washington will avoid $3.5 billion in sanctions that Canada had said it would seek in the long-running lumber dispute. Canada will appeal the decision, Trade Minister Jim Peterson said.

"The United States has implemented the decision of the panel . . . to bring its measure into conformity with its obligations," the ruling said. - AP
 

TimH

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Sandhusker said:
The United States has made sufficient changes to import duties on Canadian lumber and is now in compliance with international rules, the World Trade Organization ruled Tuesday.

A WTO compliance panel found that the United States made its legislation comply with a previous ruling, rejecting claims from Canada that its producers continued to suffer from unfair U.S. duties.

The decision means that Washington will avoid $3.5 billion in sanctions that Canada had said it would seek in the long-running lumber dispute. Canada will appeal the decision, Trade Minister Jim Peterson said.

"The United States has implemented the decision of the panel . . . to bring its measure into conformity with its obligations," the ruling said. - AP

"The United States has made sufficient changes to import duties on Canadian lumber and is now in compliance with international rules, the World Trade Organization ruled Tuesday."

This is an obvious admission that they had not been in compliance. Therefore, the duties that the US was collecting , $3.5 billion worth, were in fact illegal, and should be repaid to Canada.
Interesting how the article goes on to call that $3.5 billion "sanctions". :roll:
 

Manitoba_Rancher

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I dont know about all the other Canadians on here but the price of lumber is way over priced up here. Priced out some 2x8 16 ft ruff plank and they want over $13.00 per board. Its going to take almost 3 bushel of canola to buy one plank! :roll:
 

TSR

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Surely they will settle this issue quickly. Yeah right!
 

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