U.S. Delays Orders To Cut Penalties On Canadian Softwood

Posted on Monday, October 31 at 09:45 by jensonj
"We hope they will offer an indication of good faith very soon." The panel, struck under the North American Free Trade Agreement, has repeatedly called on Washington to all but eliminate its crippling countervail duties. But U.S. Commerce officials say they need more time to decide what to do. "This administration is fully committed to NAFTA and to coming to a lasting agreement with Canada to resolve this dispute," U.S. Commerce Secretary Carlos Gutierrez said in a statement. "The department has requested clarification because we have significant questions about the methodology applied by the NAFTA panel." Trade Minister Jim Peterson said the delay only hurts American consumers who already "pay too much for their homes" because the dispute drives up lumber prices. http://cnews.canoe.ca/CNEWS/Canada/2005/10/28/pf-1283199.html

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