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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,886,024
Close 2017-07-24 C$ 64.11
Market Cap C$ 4,865,052,999
Recent Sedar Documents

Globe says Canfor, others hear NAFTA hurdle looms

2017-07-25 06:49 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Tuesday edition that an unnamed source says the Trudeau government is prepared to walk from NAFTA negotiations if the Trump administration insists that dispute-settlement panels be removed from the accord. The Globe's Robert Fife and Steven Chase write that Canada, the United States and Mexico will sit down on Aug. 16 for the first round of talks aimed at rewriting the North American free-trade agreement. The talks are taking place at the request of President Donald Trump, who threatened during his campaign last year to tear up NAFTA if he could not extract a better deal for Americans. Washington said last week that eliminating the dispute-resolution mechanism is among its top priorities in the talks. Chapter 19 of NAFTA allows Canada, the U.S. or Mexico to request the establishment of independent, binational panels when their exporters or producers feel they are the victim of unfair trade rulings by another NAFTA country. These panels issue binding decisions to resolve the dispute. Critics in the U.S. have felt Chapter 19 is an unacceptable ceding of U.S. sovereignty. Prime Minister Justin Trudeau regards Chapter 19 as the "red line" that Canada will not cross.

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