Emerson Clarifies Latest Softwood Tiff
By 250 News
The United States is asking to go to arbitration with Canada over a "difference of interpretation" over part of the Softwood Lumber agreement.
Minister of International Trade, David Emerson says the matter related to a technical interpretation of the agreement and a disagreement with respect to certain provincial programs.
“Despite extensive talks with industry, we were not able to resolve these issues during the consultation phase. We will continue to work closely with the provinces and industry to defend Canada’s interests throughout the arbitration process." He goes on to say, "Different points of view may arise from time to time in administering such a complex agreement. It was for this reason that we included a dispute settlement mechanism in the agreement to facilitate the resolution of differences".
Now that a formal request for arbitration has been filed, each party has 30 days to nominate one arbitrator. Both arbitrators will then jointly choose a tribunal chair before commencing the arbitration process, which will be conducted under the auspices of the London Court of International Arbitration (LCIA). The agreement calls on the tribunal to try to issue its final and binding decision no later than 180 days after the LCIA appoints the tribunal.
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