Trade dispute with U.S. over paper products to end in Canada's favour

March 26, 2018

American company is dropping complaint that Canadian supercalendered paper is unfairly subsidized

A years-long trade dispute with the U.S. over Canadian paper products used for magazines and newspaper supplements is coming to an end in Canada's favour.

Canadian producers of supercalendered paper could get millions of dollars in refunds after a U.S. company decided to drop its complaint alleging unfair subsidies north of the border.

But the victory doesn't come without a price: under an agreement to resolve the dispute, the Canadian producers will give up as much as $42 million to the U.S. company.

This was excerpted from the 23 March 2018 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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