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Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians

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From: Snowshoe10/6/2006 7:24:00 PM
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U.S. working with Canada on latest lumber woes: Schwab _________________________________
news.yahoo.com

Wed Oct 4, 11:29 PM ET

The United States and Canada are working to resolve issues that have delayed implementation of a lumber agreement that was supposed to have gone into force last Sunday, the top U.S. trade official said.

"We're working on it. We're in very close contact with the Canadian government," U.S. Trade Representative Susan Schwab told reporters on Wednesday after a speech.

The Coalition for Fair Lumber Imports, an U.S. industry group, is angry that Washington and Ottawa agreed last week to a request by some Canadian producers to delay the launch of the recently concluded trade pact by up to a month.

It had been scheduled to start on October 1.

The lumber coalition has accused its Canadian rivals of delaying the pact's start so they can export more wood into an already weak American market.

Sen. Max Baucus (news, bio, voting record), a Montana Democrat, said U.S. lumber companies were facing a crisis because of a dramatic and unexpected rise in Canadian lumber imports ahead of the original October 1 implementation date.

"This sudden surge has caused the price of lumber to fall to artificially low levels. U.S. lumber producers are at risk of closing operations and laying off workers. An additional one-month delay threatens to exacerbate an already unsustainable situation," Baucus said in a letter to Schwab.

He urged the U.S. government quickly to issue regulations allowing customs officials to monitor Canada's compliance with export tax and quota rules under the accord.

Schwab agreed it was time to put the matter to rest.

"We want to get it done. The agreement's signed and we want to get it (implemented)," Schwab said.
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