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International Trade committee  Mr. Chair, I would like to address the issue of this particular round of litigation. It started immediately following a five-year deal of managed trade to the SLA in which there was no chance of using that timeframe for any complaint against Canada for subsidy or threat of inju

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, first of all, Canfor did exit the business of coastal logging earlier this year, so really my comments are more as a buyer of chips. What I've seen happen in British Columbia with the differences of interior and coast.... Again, to go back to the issue of who the lumbe

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, I took that to be many questions, and I'm not sure which one you'd like me to address. In terms of Canfor's intent to shut down mills, the answer is no. We have two facilities in the southern part of the province of B.C. They are competitive mills, and they intend to

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, I think I speak on behalf of all the employees in Canfor in saying that the confusion that has been generated through media reporting, the Canadian tone on the anti-American sentiment on softwood lumber, the bias that we're winning in the litigation, has all led to exp

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  We currently operate several facilities in the United States, and these facilities are struggling the same as Canadian companies and Canadian mills in Canada are. The gist of this deal is to build some sense of the bottom of the market and those terms around lumber pricing that a

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, we are not dealing with the Canadian lumber industry, we're dealing with 400 individual lumber companies, all with different economics, in 10 different provinces, with different wood baskets and different costs of doing business. The tragedy in this file is that everyb

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, in responding to the honourable member's question about interest, as I understand it, certainly we will get the interest that has been accrued on the deposits of exporters of record. My understanding is that it will be calculated and valued at the current exchange rate

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, this is the crux of the decision companies must make. I hope I'm clear. The $1 billion we leave behind today and the termination of litigation of Lumber IV is a decision to be compared with continuing litigation, getting your $1 billion back, and facing even higher and

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, the running rules can be interpreted with ominous signs, but the practicalities of day-to-day operating this business are that everybody is running and selling full. Limitations are railcar availability, transportation logistics, and infrastructure around getting the m

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Through daily information on volume going over the border. If you know what you're dealing with, then you behave accordingly. And again, it's not as if mills have huge capacity, that they surge out on a daily basis. The infrastructure of softwood is a very well-established bala

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Perhaps I could address the honourable member's question first on third country imports into North America, and then comment briefly on what I see going forward in terms of preventing Lumber V. As we speak, the North American lumber market is probably one of the best lumber mark

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  I think it's a critical piece of the puzzle here. I also think we need strong endorsement from the leadership of both governments. We also need to not forget the lessons we have learned here. Having been through a number of these fights, we'll go away and come back, whether it'

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, the answer to the question is yes, I expect money. What I have been led to believe is that once the negotiated settlement is in fact enforced and put into place, with the timeframe of six to eight weeks through the Export Development Bank, those exporters of record wou

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Mr. Chair, I'd like to respond in light of the fact that this negotiation has taken years to arrive at. There's an emotional toll on this country that most who are even outside the industry feel attached to softwood lumber, and every time an industry grouping or a section of the

August 21st, 2006Committee meeting

Jim Shepherd

International Trade committee  Oh, I took it to be a question addressed to my colleague. Can I ask that the question be repeated, please?

August 21st, 2006Committee meeting

Jim Shepherd