Nasdaq: US, Canada Start Lumber-Trade Talks

A report out of Ottawa, Canada this morning says the U.S. and Canadian governments have begun talks toward renewing a lumber trade agreement between the two countries.

Nasdaq.com reports that Canada’s trade minister, Chrystia Freeland, said Canadian negotiators were in Washington last week to meet with their U.S. counterparts about a new lumber-trade agreement.

The Softwood Lumber Agreement that expired in Oct., 2015 was essentially extended for a year since neither party is able to take unilateral action for one year following the expiration of the agreement, Ben Gann, vice president of legislative and public affairs for the National Lumber and Building Materials Association said in Sept. 9, 2015 LBM Journal article.

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