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Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians

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To: E. Charters who wrote (1255)11/16/2005 2:38:24 PM
From: Snowshoe  Read Replies (1) of 1293
 
NAFTA panel gives Washington one week to cut softwood lumber duties

news.yahoo.com

Wed Nov 16,11:27 AM ET

WASHINGTON (CP) - A NAFTA panel is giving the United States one week to drastically cut duties on Canadian softwood lumber imports.

The panel, struck under the North American Free Trade Agreement, is calling on Washington to all but eliminate punishing lumber penalties of more than 16 per cent.

The U.S. said late last month it needed more time to consider the latest NAFTA ruling in favour of Canada and decide what to do. But the panel is giving American officials a firm timeframe.

Canadian companies have lost about $5 billion Cdn to duties. The federal government insists on recouping at least $3.5 billion of that.
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