How does the Agreement improve on the agreement in principle released April 27?
• The Agreement is fully consistent with the basic terms of the April 27 framework agreement and also contains a number of important improvements, notably: • anti-circumvention provisions that protect current provincial forest management policies and also contain a full exemption for British Columbia’s Market Pricing System. Provinces can continue to undertake forest management policy reforms, including updates and modifications to their systems, actions or programs for environmental protection, and provide compensation to First Nations to address claims. • a deposit refund mechanism has been developed that will allow Canadian companies to receive their share of duty deposits within 4-8 weeks of filling out and returning the necessary legal and administrative documents after entry into force of the Agreement; • a 12-month standstill on U.S. trade action in the event the United States terminates the Agreement.
