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Issue #592

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2014 Media Kit

No Export Charges on Canadian Softwood Lumber

By: | at 11:19 AM | International Trade  

Canada has won a dispute over the termination date of export charges applied to softwood lumber to the US. As a result of the ruling, Ontario and Quebec softwood lumber exporters will no longer be assessed export charges of 0.1% and 2.6% respectively. Export charges collected after October 12, 2013, will be refunded.

The export charges were the result of the US-Canada Softwood Lumber Agreement. An agreement intended to limit softwood lumber exports from Canada to the US to protect the US lumber market at a time that demand was particularly low. The agreement is scheduled to remain in effect through October 12, 2015.