Breaking News
Softwood Lumber Deal Reached---
some of the terms of the the softwood lumber deal include:
-Canadian lumber firms would cap its exports at 34 per cent of the U.S. market, which is roughly Canada's current share. That share would be broken down regionally, based on 2004-05 exports.
-The U.S. would lift its 10 per cent duty and return about 78 per cent of the $5 billion it collected in anti-dumping and countervailing duties beginning in 2002.
-Ottawa would impose an export tax which would vary according to lumber prices, export levels and the value of the Canadian dollar.
-A "surge mechanism" would penalize a region if its exports exceed 110 per cent of its allocated share.
-The deal would be for seven years, with the option of extending it another two years.
-The terms also include dropping numerous lawsuits in the battle, said Wolff, who says Canada has launched 10 legal challenges for every one on the American side.
apparently the liberals don't like the deal, bill graham who is leader of the opposition just finished bashing it in the house of commons. jack layton and the ndp don't like the deal either, he compared it to a judge telling a thief he only has to pay back 80 cents for every dollar he has stolen.
is the deal fair ? probably not, but from what i have read and understand, the U.S.A. simply won't comply with previous agreements regarding softwood lumber under NAFTA. so what are we to do ? i think 80 cents on the dollar, is a lot better than nothing, especially when dealing with billions, and billions of dollars.
if im wrong and sound like an idiot let me know.
some of the terms of the the softwood lumber deal include:
-Canadian lumber firms would cap its exports at 34 per cent of the U.S. market, which is roughly Canada's current share. That share would be broken down regionally, based on 2004-05 exports.
-The U.S. would lift its 10 per cent duty and return about 78 per cent of the $5 billion it collected in anti-dumping and countervailing duties beginning in 2002.
-Ottawa would impose an export tax which would vary according to lumber prices, export levels and the value of the Canadian dollar.
-A "surge mechanism" would penalize a region if its exports exceed 110 per cent of its allocated share.
-The deal would be for seven years, with the option of extending it another two years.
-The terms also include dropping numerous lawsuits in the battle, said Wolff, who says Canada has launched 10 legal challenges for every one on the American side.
apparently the liberals don't like the deal, bill graham who is leader of the opposition just finished bashing it in the house of commons. jack layton and the ndp don't like the deal either, he compared it to a judge telling a thief he only has to pay back 80 cents for every dollar he has stolen.
is the deal fair ? probably not, but from what i have read and understand, the U.S.A. simply won't comply with previous agreements regarding softwood lumber under NAFTA. so what are we to do ? i think 80 cents on the dollar, is a lot better than nothing, especially when dealing with billions, and billions of dollars.
if im wrong and sound like an idiot let me know.
posted by Ross at 21:29
1 Comments:
I agree that a 78% settlement is stupid, but I'm of the opinion that if the Americans can change the deal after it was settled in NAFTA, we can continue to change THIS deal after the 78% is back in our possession. Everything it seems is negotiable, even the rules that are negotiated and settled upon.
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