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U.S. INDUSTRY REACTS TO DOC DECISION ON CANADA LUMBER SUBSIDIES

 U.S. INDUSTRY REACTS TO DOC DECISION ON CANADA LUMBER SUBSIDIES
 WASHINGTON, March 6 /PRNewswire/ -- The Coalition for Fair Lumber Imports said it was "gratified" by a U.S. Department of Commerce ruling that Canadian lumber imports are subsidized.
 "U.S. lumber mills from around the nation are gratified to receive some relief from Canadian lumber subsidies," said C.T. (Kip) Howlett Jr., chairman of the Coalition. "The Coalition is disappointed, however, that the full value of the Canadian subsidy was not recognized."
 Today, the Commerce Department, in a preliminary decision, announced that a 14.48 percent subsidy exists on Canadian lumber and that a countervailing duty equal to that amount is required to offset the subsidy.
 "All we want is what U.S. law calls for -- a countervailing duty that fully recognizes what we believe is a Canadian subsidy that approaches 30 percent," Howlett said. "And we intend to pursue that objective during the department's final investigation."
 The Commerce Department self-initiated a countervailing duty investigation last fall after Canada withdrew from a Memorandum of Understanding that had imposed an export tax on Canadian softwood lumber. Last December, the U.S. International Trade Commission ruled preliminarily that Canadian exports injured the U.S. industry.
 Howlett said the U.S. industry is determined to ensure that subsidies on Canadian lumber imports are fully offset. He added that support for the Coalition's position is "widespread and growing."
 The Coalition for Fair Lumber Imports is comprised of lumber companies across the United States and the major U.S. lumber manufacturing associations. Member companies include Georgia-Pacific Corp., Temple-Inland Inc., Potlatch Corp. and International Paper Co.
 -0- 3/6/92
 /CONTACT: Sheila Weidman of Georgia-Pacific, 404-521-4732, Tony Bennett of Temple-Inland, 409-829-1430, Diane Olberg of Potlatch Corp., 415-576-8826, or James Foster of International Paper, 901-763-5985/ CO: Coalition for Fair Lumber Imports ST: District of Columbia IN: PAP SU:


BR-BN -- AT005 -- 5907 03/06/92 13:45 EST
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Publication:PR Newswire
Date:Mar 6, 1992
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