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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Comment by phoenix_traderon Dec 21, 2021 1:21pm
101 Views
Post# 34251179

RE:Canada challenging US duties thru new NAFTA..

RE:Canada challenging US duties thru new NAFTA..The federal government is launching a challenge under the new NAFTA agreement against U.S. softwood lumber duties, International trade Minister Mary Ng has announced.

Minister Mary Ng said the government filed notice of the challenge under Chapter 10 of the Canada, U.S. Mexico Agreement, (CUSMA).

 

"Canada reaffirms its call for the United States to stop imposing unwarranted duties on Canadian softwood lumber products," Ng said in a statement.

The U.S. Department of Commerce announced in November that it would be imposing an average duty of 17.9 per cent on softwood lumber imported from Canada; twice the previous 8.99 per cent rate.
 

This is the second time Canada has invoked Chapter 10 of CUSMA. Last year the government filed a similar challenge against the 8.99 per cent duty.

Chapter 10 allows for one of the three countries to request a binational trade panel to rule on a trade dispute, rather than turning to international bodies like the World Trade Organization (WTO).

Canada won a WTO case on softwood lumber In August 2020, but the U.S. appealed — and because the Americans continue to block appointments to the WTO's appellate body, that case was effectively stalled.

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