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.