Financial Reports & Markets
WTO dismisses Canadian lumber complaints
April 15, 2004 By Pulp & Paper Canada
The World Trade Organization (WTO) rejected almost all of Canada’s complaints against U.S. anti-dumping duties on s…
The World Trade Organization (WTO) rejected almost all of Canada’s complaints against U.S. anti-dumping duties on softwood lumber, but ruled that the U.S. was wrong to exclude highly priced Canadian lumber when deciding whether there was dumping.
The WTO ruled that the U.S. was within its rights to launch the anti-dumping investigations that lead to the imposing of punitive duties on imports of Canadian lumber.
The ruling will force the U.S. to review how it calculates the price of imports and hence the amount of duty it can apply.
A day after the ruling, Tembec announced it has received notice from the U.S. Department of Commerce that it intends to reduce Tembec’s anti-dumping duty deposit rate on softwood lumber exports to 6.28%. Since May 22, 2002 Tembec has been depositing anti-dumping duties of 10.21% on softwood lumber exports to the U.S. The announcement represents almost a 4% reduction in tariffs.
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