April 26, 2006

US, Canada have framework lumber deal: report

TORONTO (Reuters) - Canada and the United States have a
framework deal that could resolve a long-running trade dispute
over softwood lumber, CBC Television said on Wednesday.

CBC said legal details of the agreement had yet to be
worked out. The network said Canada would get back some 80
percent of countervailing duties that the United States has
collected so far in the dispute.

The two countries are at odds over whether Canada's
provinces are subsidizing lumber producers by charging
below-market rates to log forests.