On the recordJanuary 28, 2003
I am here today to cosponsor legislation that should help resolve the current crisis being faced by the U.S. softwood lumber industry, which continues to be devastated by the continuation of a ``wall of subsidized wood'' coming from four Canadian provinces that are effectively avoiding countervailing duty and antidumping orders of the U.S. Department of Commerce. This is causing a crisis in current market conditions not only in Maine but across the Nation. The purpose of the U.S. countervailing duty, or CVD, law, is to offset unfair foreign subsidies which cause injury to our U.S. producers. In the Canadian softwood lumber case, Commerce has determined that some Canadian provinces subsidize their lumber mills at prices that are 33 to 55 percent below market value. Currently, Canadian prices for salvage timber, for instance, are as low as $1 per thousand board feet at the same time the competitive market value is over $100 thousand board feet.
Source
govinfo.gov




