WTO chooses US economic model in Canada tariff dispute

By Rae Ann Varona (July 13, 2022, 5:51 p.m. EDT) — The World Trade Organization ruled Wednesday that Canada must use an economic model proposed by the United States if it wants to impose retaliatory duties on countervailing duties that the United States imposes on its supercalendered paper exports.

A WTO arbitrator said that after comparing the models proposed by the United States and Canada, the so-called “Armington partial equilibrium model” proposed by the United States exhibited “significant strengths compared to the Canadian formula, which he said risked errors and inaccurate results.

“In particular, its exact solution avoids errors of approximation and extreme results, and its separation of Canadian imports based on tariff treatment allows offsetting effects to be taken…

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