Softwood Ruling

Published: Wednesday, 03/05/2008 12:00 am EST

International Trade Minister David Emerson said in a statement he was pleased the London Court of International Arbitration had ruled in Canada's favour on the interpretation of the technical provision "adjustment factor" in the 2006 Canada-United States Softwood Lumber Agreement. The tribunal found that the adjustment factor applies only to the provinces that have chosen the quota option, in this case British Columbia and Alberta. However, Mr. Emerson said he was disappointed the tribunal did not agree that adjustments were to start as of July 1, 2007.

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