|
Softwood Lumber Agreement Extended to 201501/23/2012
On January 23, 2012, U.S. Trade Representative Ron Kirk and Canadian Minister for International Trade Ed Fast signed a two-year extension of the 2006 U.S.-Canada Softwood Lumber Agreement (SLA), extending the effective period to October 12, 2015.
As explained in a press release from the Office of the U.S. Trade Representative (USTR), "As part of the SLA, the United States agreed to cease imposing antidumping and countervailing duties upon softwood lumber from Canada. In exchange, Canada agreed, among other things, to apply export measures – export charges and volume limitations – to shipments of softwood lumber from Canada to the United States when the price of softwood products falls below a certain level."
The SLA was originally scheduled to expire October 12, 2013. No other changes were made to the agreement.
The full text of the USTR press release is available online at:
http://www.ustr.gov/about-us/press-office/press-releases/2012/january/united-states-and-canada-sign-two-year-extension-2
Expeditors' Newsflash articles are compiled from a number of public sources that, to the best of Expeditors' knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Expeditors International of Washington, Inc. accepts no liability or responsibility. |
| 
