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Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians

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To: marcos who wrote (515)9/1/2002 1:40:54 AM
From: Eashoa' M'sheekha  Read Replies (1) of 1293
 
OT:<GGG> Softwood move blocked

Agence France-Presse

Saturday, August 31, 2002 – Print Edition, Page B2

GENEVA -- Canada asked the World Trade Organization yesterday to set up a panel to examine U.S. duties imposed on some softwood lumber, but the move was immediately blocked by Washington, trade sources say.

Canada told the WTO's dispute settlement body that consultations with the United States had failed to solve the matter and it was reactivating a complaint it had originally withdrawn earlier this month.

But the United States rejected the attempt as without merit, trade sources said, effectively imposing a temporary veto on the Canadian move.

Under WTO rules, the complaint would be accepted automatically if there is a second Canadian request.

The U.S. Commerce Department decided in late March to invoke anti-dumping measures and to impose countervailing tariffs of nearly 29 per cent on Canadian softwood lumber used principally in construction.

At the time, Trade Minister Pierre Pettigrew called the tariff "obscene."

( Don't quite understand this blocking/veto move yet.This is the only info I've seen regarding this action today. So much for consultations outside the WTO I guess.

Too bad.Was really hoping they could come to some agreement in principle at least, but this looks terminal on that front. )

Ok...back to the invasion of Canada <G>
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