Softwood Lumber Agreement Article Review by Top Papers

The paper discusses how the proposed Softwood Lumber Agreement between Canada and the United States represents the latest effort at resolving a longstanding trade dispute between Canada and the United States. The paper relates that the agreement will be of seven years duration with the option of being extended for two more years. The paper also discusses how the government of the United States agrees that it will not investigate any complaints related to softwood lumber, and will dismiss all current trade actions, complaints and investigations. The paper further points out that the United States will return more than US$4 billion in duties collected from Canadian lumber exporters since 2002.