On January 31, 2022, the U.S. Department of Commerce issued preliminary rulings in its third administrative review, signalling lower rates for most participating Alberta forestry companies.
These rates are not legally binding until final decisions are released this summer, but they do provide a sign of what we can expect at the end of this review.
While we welcome lower rates as a positive sign, any amount of tariffs is unacceptable. Tariffs continue to unfairly target Canadian softwood lumber exports, harming consumers on both sides of the border.
Our province is home to world-class forest companies and the U.S. is a critical customer for Canada, with $1.2 billion dollars worth of Alberta lumber going south of the border in 2020 alone.
In the past, U.S. claims regarding unfairly traded softwood lumber were found to be baseless and we are confident this will ultimately be the case once again.
We will continue to defend our forest sector through legal action and appeals under the North American Free Trade Agreement (NAFTA)/Canada-United States-Mexico Agreement (CUSMA) and World Trade Organization (WTO) appeal processes.
We cannot lose sight of our ultimate goal to ensure Canadian softwood lumber is treated fairly and recognized for the benefits it creates on both sides of the border.
Alberta will continue to support Canada in its ongoing efforts to push for the free flow of trade to ensure prosperity for both nations and for Alberta’s forest industry.