20:30:36 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 91,208,812
Close 2019-05-03 C$ 10.25
Market Cap C$ 934,890,323
Recent Sedar Documents

Globe says Interfor, rivals see fed seek tariff relief

2019-05-06 08:45 ET - In the News

See In the News (C-IFP) Interfor Corp

The Globe and Mail reports in its Monday edition that Canada will seek relief from softwood tariffs at a public hearing on Tuesday by challenging a United States ruling that American producers are being injured by Canadian lumber shipments. The Globe's Brent Jang writes that Canadian government lawyers will present their oral arguments at the one-day hearing in Washington, more than two years after the U.S. imposed new duties on Canadian softwood producers. The lawyers will be summarizing their arguments, condensing documents filed over the past 18 months under an appeal process of the North American free-trade agreement's Chapter 19 dispute-resolution mechanism. Under Chapter 19, Canada and the U.S. agreed to set up trade panels to settle disputes. Tuesday's hearing by the NAFTA panel will take place as Canada's forestry industry struggles during a downturn that has seen lumber prices dive and Canadian producers reporting disappointing financial results. In December, 2017, the U.S. International Trade Commission ruled in its final determination that Canada's shipments of softwood lumber are injuring the U.S. forestry sector. Canada is counting on the binational panel to overturn the ITC's determination.

© 2024 Canjex Publishing Ltd. All rights reserved.