ITC Determination A Step in the Right Direction for Timber Markets
Earlier this morning, the United States International Trade Commission (ITC) made affirmative determinations in its final phase of antidumping and countervailing duty investigations regarding softwood lumber from Canada. The ITC unanimously ruled in favor of the American lumber industry, determining that the industry has faced material injury stemming from Canadian government subsidies of their softwood lumber. The ITC’s ruling comes 35 days after the Department of Commerce concluded that imports of Canadian softwood lumber are unfairly subsidized and sold at less than fair market value.
FLA has been actively engaged with the Department of Commerce and members of Congress to provide insight on how subsidized Canadian lumber negatively impacts private forest landowners in the United States, who have dealt with historically low prices for their timber for years. Today’s ruling by the ITC marks a huge and long-fought victory for landowners. We are appreciative of the support we have received from Congress, the White House, the Department of Commerce, and others as we continue to advocate for fair and open markets for our members.
FLA CEO, Scott Jones, commented on the ruling, stating, “Today’s decision is an important step to repairing the markets that private forest landowners in the US depend on to continue growing and managing our forests. With the oversupply of timber in this country, private forest landowners can easily supply market demand, yet we haven’t seen an increase in timber prices due in part to the unchecked imports from Canada. I’m proud to see our government side with US landowners to protect their property rights, heritage and all the benefits that they provide our society.”
FLA has proudly advanced a favorable business climate for private forest landowners for more than 75 years. We are the only organization advocating in the national political arena solely for family landowners whose interests are in timber markets.
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