NAFTA Panel Favors Canadian Firms
A North American Free Trade Agreement panel upheld earlier decisions that U.S. companies were not threatened with injury from Canadian shipments of softwood lumber south of the border.
Canada in 2003 sold about $4.6 billion worth of softwood lumber such as spruce, pine and fir to the booming U.S. housing construction and remodeling industries.
The NAFTA panel sharply criticized the U.S. International Trade Commission, and gave the U.S. agency 10 days to reverse itself on the key issue of injury. The U.S. is expected to appeal the decision.
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