BRUSSELS (Reuters) – The World Trade Organization largely backed a Canadian complaint on Monday against the United States’ imposition of duties on Canadian softwood lumber exports to counter what it saw as unfair subsidies.
A three-person panel determined that the U.S. duties breached global trading rules because the United States had not shown that many of the prices paid by Canadian firms for timber on government-owned lands were too low.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
by : Reuters