Softwood lumber agreement with U.S. extended

Trade Minister Ed Fast says deal to run until 2015 A softwood lumber agreement that settled a long-running dispute between Canada and the U.S. is being extended by two years, the governments said jointly Monday.

Trade Minister Ed Fast and U.S. Trade Representative Ron Kirk made the announcement at a ceremony in Washington, D.C., assuring some level of peace in what has been the most serious irritant in the generally good relationship between the two countries.  The countries decided in December that an extension of the current seven-year agreement would be preferable to new negotiations, but they delayed the formal announcement until the two ministers could meet.CBC News – January 23, 2012
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