Fascist Oligarchs Attack Cute Cuddly Canadians Message Board

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Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians

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From: Snowshoe	7/23/2006 1:04:41 AM
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U.S. Court tosses defeated Canadians into jaws of victory!!! US court sides with Canada in lumber trade fight news.yahoo.com Fri Jul 21, 8:24 PM ET A U.S. court ruled on Friday in favor of Canada in its fight against U.S. duties on Canadian softwood lumber in a decision that could complicate a deal to end the trade dispute. The U.S. Court of International Trade said U.S. officials could not bypass a North American Free Trade Agreement panel's ruling that Washington had improperly imposed duties on the lumber used in housing construction. In a 74-page ruling, the court rejected a decision by U.S. officials in 2004 to ignore the NAFTA ruling in favor of a separate World Trade Organization ruling that sided with the United States claim Canada subsidizes its lumber industry. "This is a victory for NAFTA," said John Allan, president of the British Columbia Lumber Trade Council, a major Canadian industry lobbying group.. A spokesperson for the U.S. Trade Representatives Office was not immediately available for comment late Friday. Allan said the ruling meant that $1.2 billion in duties collected since November 2004 had to be refunded. The court still has to decide what to do with duties paid before that - estimated at about $3.4 billion plus interest. The unanimous ruling by a three-judge panel comes as the Canadian government is trying to convince its reluctant industry to support an agreement it initialed with Washington this month to end the trade fight. "This makes it a lot more interesting," Allan said. The trade deal would return $4 billion to Canada, but give $1 billion to the U.S. lumber producers whose trade complaint in 2001 sparked the trade fight. The deal that is designed to last for seven years would also replace the U.S. duties with system in which Canada would use internal taxes and quotas to limit its share of the American market as lumber prices drop. Critics of the agreement in Canada have argued that Ottawa gave away too much, and included a last-minute clause that will allow Washington to walk away from the agreement prematurely to reimpose the duties. Canadian Trade Minister David Emerson said in an interview on Friday prior to the court's decision being released that he believed critics of the trade deal were slowly coming around in support of the agreement.

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