Statement by Minister Ng on Canada’s challenge of U.S. duties on Canadian softwood lumber

first_imgStatement by Minister Ng on Canada’s challenge of U.S. duties on Canadian softwood lumber From: Global Affairs CanadaThe Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, today issued the following statement regarding Canada’s request for a panel review under Chapter 10 of the Canada-United States-Mexico Agreement regarding U.S. countervailing duties on imports of Canadian softwood lumber: “On November 24, 2020, the U.S. Department of Commerce established, through its first administrative review process, a 7.42% countervailing duty rate for most Canadian producers of softwood lumber.The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, today issued the following statement regarding Canada’s request for a panel review under Chapter 10 of the Canada-United States-Mexico Agreement regarding U.S. countervailing duties on imports of Canadian softwood lumber:“On November 24, 2020, the U.S. Department of Commerce established, through its first administrative review process, a 7.42% countervailing duty rate for most Canadian producers of softwood lumber.“Canada firmly believes that any duties imposed on Canadian exports of softwood lumber to the United States are unwarranted and unfair.“These duties have caused unjustified harm for Canadian workers and businesses, and are hampering economic recovery on both sides of the border-especially when our people are being affected by the health and economic impacts of COVID-19.“Our government will continue to vigorously defend its forestry sector and the thousands of hard-working Canadians it employs.“Canada will consider all of its legal options with respect to U.S. duties on softwood lumber, including the possibility of bringing this challenge to the World Trade Organization for review under its dispute settlement mechanism.”Quick factsMost U.S. imports of Canadian softwood lumber are now subject to new duty rates: a 7.42% countervailing duty rate and a 1.57% anti-dumping duty rate (8.99% combined); certain companies also received company-specific rates.The previous combined rate to which most Canadian companies were subject when exporting certain softwood lumber products to the United States was 20.23%. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, business, Canada, commerce, coronavirus, covid-19, dispute, Export, Government, International trade, Minister, settlement, Small Business, trade, United States, worldlast_img read more