Valley REN Business Insight: May 2017
As Nova Scotia is caught up in a fresh trade dispute over exports of softwood lumber to the United States, how will the new situation affect forestry-based businesses in the Annapolis Valley?
In April, the United States Department of Commerce imposed preliminary countervailing duties on imports of softwood lumber from Canada.
The duties include varying company-specific rates and a blanket rate of 19.88% that applies to all other imports of Canadian softwood lumber, with fees collected retroactively for 90 days.
A decision on an exemption for Atlantic Canada has been deferred to the fall of 2017.
What are the possible effects on forestry-based businesses in the Annapolis Valley? The Valley REN provides some answers in our Business Insight May 2017.
As research analyst for the Valley REN, Rachel Brighton brings 25 years’ experience as a journalist, editor, publisher, manager, consultant and not-for-profit director in Canada and Australia.