Sunday, October 08, 2006

U.S. shocks Canadian forest companies

Drops claim that Canadian lumber is subsidized - By Gordon Hamilton, Vancouver Sun
"The U.S. has agreed to come to the party," said B.C. lumberman David Gray, co-chair of the Free Trade Lumber Council.

Gray said because the U.S. has withdrawn its claims of subsidy and dumping, all but one of the lawsuits that have been tying up implementation of the softwood lumber agreement are now moot.

But Canada does not give up the legal precedents it achieved through five years of fighting the Americans, he said.

"This solves the litigation problem and it keeps our precedents alive. So when they screw us next time, they are going to have to do something different," Gray said.

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