Ben, it was NAFTA panels that were part of getting a $4Bn (80% of duties collected) refund for Canadian forestry and eliminating US duties.
Unfortunately, not every ruling was in Canada's favour. There were findings that the Canadian system of public land and stumpage fees result in lower costs than if the land were privately owned. So to settle the issue we had to accept the quotas and an export tax if the price of wood goes too low. BC could resolve this remaining issue by charging a realistic amount for lumber leases so that the cost of the land is not subsidised by the Crown, and keep all the cash for BC's own purposes.
Unfortunately, not every ruling was in Canada's favour. There were findings that the Canadian system of public land and stumpage fees result in lower costs than if the land were privately owned. So to settle the issue we had to accept the quotas and an export tax if the price of wood goes too low. BC could resolve this remaining issue by charging a realistic amount for lumber leases so that the cost of the land is not subsidised by the Crown, and keep all the cash for BC's own purposes.
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