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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (56981)	3/28/2006 8:28:40 AM
From: shades	Read Replies (1) of 110194

Bush eager to resolve lumber row with Canada news.yahoo.com Canada ships $6 billion in softwood lumber such as spruce, fir and pine to the United States each year. Washington has slapped duties on the imports, saying Ottawa's below-market logging rates represent an unfair subsidy. Canada denies the claims and accuses the United States of being protectionist. Both countries have pursued legal action at the World Trade Organization and under NAFTA. Rulings from the WTO have gone in favor of the United States recently, while NAFTA panels awarded Canada several victories. Trade ministers for both countries held talks on Friday at the annual NAFTA meeting in Acapulco and Canada's trade minister, David Emerson, said a final decision would be taken by the country's leaders.

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