Softwood lumber dispute
CBC News Online | August 23, 2006

SOFTWOOD LUMBER GLOSSARY
Softwood lumber: Easy-to-saw wood such as pine and spruce used in building.
Board foot: A unit of volume for wood equal to 144 cubic inches, or one square foot of one-inch-thick board.
Countervailing duties: Applied on imports found to be unfairly subsidized.
Dumping: Selling goods in another country at less than what they cost to produce.
Stumpage: A fee charged by Canadian governments to logging companies for the right to harvest lumber from public land.
Disputes on softwood lumber have simmered for more than 20 years, but the most recent conflict boiled over in May 2002, when the United States imposed duties of 27 per cent on Canadian softwood lumber, arguing that Canada unfairly subsidized producers of spruce, pine and fir lumber.
An agreement in principle to end the dispute was reached in December 2003, but it collapsed two days later. The issue went before North American Free......

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Title: Science
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