Thanks to a recent NAFTA panel ruling, West Fraser is soon to be almost $30 million U.S. richer. The tribunal decla…
Thanks to a recent NAFTA panel ruling, West Fraser is soon to be almost $30 million U.S. richer. The tribunal declared that the U.S. government should repay $29.6 million in anti-dumping duties it amassed from the company.
In making its ruling, which confirmed an earlier finding that West Fraser had not dumped lumber into the U.S. the NAFTA panel rejected U.S. claims that the company was not entitled to a refund of its antidumping deposits. The U.S. has a total of 30 days to comply with the ruling.
Although the decision can be appealed, West Fraser remains confident the owed capital will be returned without delay. “We expect the Department of Commerce will comply with today’s ruling and return the monies that are rightly owed to West Fraser,” said Hank Ketcham, chairman, president and CEO.
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