Notice of Agreement; Monitoring and Enforcement Pursuant to Sections 301 and 306: Canadian Exports of Softwood Lumber

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On May 29, 1996, the United States and Canada entered into an agreement on trade in softwood lumber, with effect form April 1, 1996. This agreement is intended to provide a satisfactory resolution to certain acts, policies and practices of the Government of Canada affecting exports to the United States of softwood lumber that were the subject of an investigation initiated by the United States Trade Representative (``USTR'') under section 302(b)(1)(A) of the Trade Act of 1974 (the Trade Act) and that were found to be unreasonable and to burden or restrict U.S. commerce pursuant to section 304(a) on October 4, 1991. The USTR has determined that this agreement will be subject to the provisions of section 306 of the Trade Act and that USTR will monitor Canadian compliance with this agreement pursuant to section 306 of the Trade Act and will take action under section 301(a) if Canada fails to comply with it.