Resolution Overview
Consistent with the terms of the Agreement, as amended, the United States and Canada will end a large portion of the litigation over trade in softwood lumber, and unrestricted trade will occur in favorable market conditions.
When the lumber market is soft, as it is currently, Canadian exporting provinces can choose either to collect an export tax that ranges from 5 to 15 percent as prices fall or to collect lower export taxes and limit export volumes. The agreement also includes provisions to address potential Canadian import surges, provide for effective dispute settlement, distribute the antidumping and countervailing (anti-subsidy) duty deposits currently held by the United States, and discipline future trade cases.
An industry-led bi-national working group will also be established under the agreement to discuss provincial policy reforms.
2006 U.S.-Canada Softwood Lumber Agreement
Extension to the 2006 U.S.-Canada Softwood Lumber Agreement
