WTO backs U.S. duties on Canadian lumber - source

[TacticalPeek]

WARNING: Capitalist Source. :silly:



WTO backs U.S. duties on Canadian lumber -
source
Reuters, 01.16.04, 5:07 PM ET


(Adds details, background)

OTTAWA(Reuters) - A World Trade
Organization panel has ruled that the
United States was within its rights to
impose anti-dumping duties on
softwood lumber imports from Canada,
a Canadian source said Friday.

"It is a pro-U.S. ruling," the source told
Reuters.

The interim ruling was the latest in a
string of mixed WTO decisions on U.S.
softwood lumber duties against
Canada. Washington says Canadian
lumber producers are unfairly
subsidized -- a charge Ottawa denies.

The ruling was in response to
Canada's complaint against
preliminary U.S. duties imposed in
2001, which averaged 9.67 percent.
That rate was later lowered to 8.38
percent and the latest WTO decision
has no bearing on the final duty rate.


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http://www.forbes.com/business/newswire/2004/01/16/rtr1215268.html