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U.S., Canada say differences remain in softwood lumber dispute

Published 2016-06-29, 09:18 p/m
© Reuters. U.S., Canada say differences remain in softwood lumber dispute
CFP
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WFG
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IFP
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WASHINGTON, June 29 (Reuters) - The United States and Canada
have made important progress in negotiations over softwood
lumber exports but significant differences remain in the
long-running dispute, according to a joint U.S.-Canadian
statement issued on Wednesday.
Talks will continue at "an intensive pace" with the hope of
reaching an agreement this fall, said the statement from U.S.
President Barack Obama and Canadian Prime Minister Justin
Trudeau.
U.S. producers complain that Canadian lumber is subsidized,
and they have in the past launched trade challenges that
resulted in the United States imposing billions of dollars in
tariffs.
The most recent round of arguments ended with a 2006 deal
that expired in October 2015. Both sides agreed to take no
action for a year after that, but without a new treaty, U.S.
firms have made clear they will file new damage claims.
Obama and Trudeau issued the statement after participating
in the "Three Amigos" summit on Wednesday in Ottawa along with
Mexican President Enrique Pena Nieto.
Major Canadian lumber firms include Canfor Corp CFP.TO ,
West Fraser Timber Co WFT.TO , Interfor Corp IFP.TO and
Resolute Forest Products Inc RFP.N .

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