U.S. Protectionist Action - Unwarranted

    MONTREAL, April 8 /CNW Telbec/ - The Québec Forest Industry Council
(QFIC) and the Ontario Forest Industries Association (OFIA) are very
disappointed with the United States' decision to unilaterally impose an
additional 10 % border tax in spite of the fact that the Government of Canada
cured the breach last week with a C$46.7 million payment made by Canada to the
U.S. Treasury.
    Jamie Lim, President and CEO of the OFIA stated, "In addition to making
this payment, the Government of Canada has requested the re-establishment of
the London Court of International Arbitration (LCIA) Tribunal to confirm that
the payment cures the breach in a manner consistent with their February
tribunal ruling."
    "It is all the more disappointing that this decision goes against
President Obama's recent position on protectionism as a way to tackle the
current economic crisis, especially measures that would hurt US's more
important trade partners such as Canada," said Mr. Guy Chevrette, QFIC CEO.
    "Rather than waiting 60 days for the Tribunal's decision, the U.S.
decided to take the law into their own hands by taking this extremely punitive
action against their largest trading partner. This is a solid example of
protectionism on the part of the United States," commented Mrs. Jamie Lim, CEO
of OFIA.
    Guy Chevrette concluded, "OFIA and QFIC will continue working with the
Government of Canada to find solutions to this latest unwarranted action by
the U.S. - a solution that will keep people working in Ontario and Quebec."

For further information:

For further information: media representatives may contact: Mrs. Jamie
Lim, President & CEO, Ontario Forest Industries Association, (416) 368-6188

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Quebec Forest Industry Council

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Ontario Forest Industries Association

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