Softwood Victory... Finally
CTV - US reduces softwood duties to less than 1%
Finally. About time the US honored the NAFTA agreement. They reduced the duty on Canadian softwood from 18.8% to 0.8%. This dispute has cost the Canadian lumber industry an estimated $5 Billion.
I think credit should be given where credit is due. Paul MArtin has proved himself diplomatically with this one. Big hat tip to the PM for staying tough with Bush on this.
I have advice. Don't sign up to trade agreements if you aren't going to honor them. An 18.8% duty is hardly "Free Trade".
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