Lack of softwood lumber deal worries exporters
July 12, 2016 – Companies such as EACOM Timber Corporation fear the continuing failure of Canadian and American officials to negotiate a softwood lumber agreement will result in new duties on Canadian exports to the U.S.
By Brandi Cowen
The previous agreement expired last October. Trade has so far continued under the terms of the previous deal, thanks to a “standstill” period that gives negotiators one year to hammer out new terms. If that standstill period runs out before a new deal is reached, the United States is expected to enact new duties against Canadian exporters.
After last month’s joint statement from Prime Minister Justin Trudeau and President Barack Obama, in which the pair called the negotiations “challenging but productive,” EACOM and other companies like it face increasing uncertainty about what the future holds.
For more on this story, click here.