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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?


To: Crocodile who wrote (2912)10/29/2005 11:17:44 AM
From: Ron  Read Replies (1) | Respond to of 24231
 
I see where Canada has "opened discussions" with Asian nations to increase trade ties. Be very interesting if they sign China up as a major buyer of oil.
Even the Wall Street Journal is expressing concern about the lumber dispute:
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America's Bad Trade Example
October 7, 2005; Page A16

"If Canada and the U.S., as close as they are, can't have an agreement that is respected, what does that say about the future of the rules-based international trading system?" That's the question posed to us by Canadian Prime Minister Paul Martin yesterday at the Journal's New York office almost as soon as he sat down.

Mr. Martin was in town to speak to the Economic Club of New York. At the top of his list of priorities to put on the record, he told us, is Canada's deep dissatisfaction with the U.S. refusal to comply with multiple rulings that U.S. tariffs on Canadian softwood lumber violate the North American Free Trade Agreement (Nafta).

Mr. Martin's case was bolstered on Wednesday when a fourth Nafta panel ruled the tariffs illegal. Americans have a stake here too, since the duties add about $1,000 to the cost of a new home and affect thousands of jobs in industries that depend on lower-cost Canadian lumber.

"We keep getting panel decisions and they keep being ignored," the Prime Minister said. "The decision has been made and it should be honored." President Bush's vision of a strong North America depends upon the integrated market being allowed to work. That's as much in the interest of Americans as Canadians.
URL for this article:
online.wsj.com