Final Decision Reached on Pope & Talbot NAFTA Claim

Apr 10, 2001, 01:00 ET from Pope & Talbot, Inc.

    PORTLAND, Ore., April 10 /PRNewswire/ -- Pope & Talbot, Inc. today
 announced that the Company has received a final decision on its claim filed
 against the Government of Canada under the Investment Chapter of the North
 American Free Trade Agreement ("NAFTA"). The three-person NAFTA Tribunal ruled
 in favor of Pope & Talbot on Article 1105, Minimum Standards of Treatment, and
 against its claim on Article 1102 on National Treatment.  The financial
 ramifications of the decision cannot be determined at this time.
     Pope & Talbot's complaint arose from the fact that it, like other
 companies operating in British Columbia, had its duty-free export quota
 reduced by the Canadian Government since the Agreement came into force.  The
 Company maintained that these quota reductions resulted from the manner by
 which the Canadian Government implemented the Softwood Lumber Agreement.  The
 Company's claim did not challenge the Canada-U.S. Softwood Lumber Agreement
 itself.  Rather it was directed to the specific way Canada chose to implement
 this Agreement in breach of Canada's obligation under Chapter 11 of NAFTA.
     Pope & Talbot's Chairman and Chief Executive Officer, Michael Flannery
 stated, "the Tribunal has acted quickly in this case and was thorough in
 reaching its decision.  We believe the review was conducted in a manner that
 was fair to both parties and this decision brings the dispute to a close.  It
 will take time to properly evaluate the implications of this result, as we
 have not had time to review the just released opinion in depth."
     Pope & Talbot is dedicated to the pulp and wood products business.  The
 Company is based in Portland, Oregon and traded on the New York and Pacific
 stock exchanges under the symbol POP.  Pope & Talbot was founded in 1849 and
 produces market pulp and softwood lumber at mills in the US and Canada.
 Markets for the Company's products include the U.S., Europe, Canada, South
 America, Japan and other Pacific Rim Countries.  For more information on Pope
 & Talbot, please check the website:  www.poptal.com.
 
 

SOURCE Pope & Talbot, Inc.
    PORTLAND, Ore., April 10 /PRNewswire/ -- Pope & Talbot, Inc. today
 announced that the Company has received a final decision on its claim filed
 against the Government of Canada under the Investment Chapter of the North
 American Free Trade Agreement ("NAFTA"). The three-person NAFTA Tribunal ruled
 in favor of Pope & Talbot on Article 1105, Minimum Standards of Treatment, and
 against its claim on Article 1102 on National Treatment.  The financial
 ramifications of the decision cannot be determined at this time.
     Pope & Talbot's complaint arose from the fact that it, like other
 companies operating in British Columbia, had its duty-free export quota
 reduced by the Canadian Government since the Agreement came into force.  The
 Company maintained that these quota reductions resulted from the manner by
 which the Canadian Government implemented the Softwood Lumber Agreement.  The
 Company's claim did not challenge the Canada-U.S. Softwood Lumber Agreement
 itself.  Rather it was directed to the specific way Canada chose to implement
 this Agreement in breach of Canada's obligation under Chapter 11 of NAFTA.
     Pope & Talbot's Chairman and Chief Executive Officer, Michael Flannery
 stated, "the Tribunal has acted quickly in this case and was thorough in
 reaching its decision.  We believe the review was conducted in a manner that
 was fair to both parties and this decision brings the dispute to a close.  It
 will take time to properly evaluate the implications of this result, as we
 have not had time to review the just released opinion in depth."
     Pope & Talbot is dedicated to the pulp and wood products business.  The
 Company is based in Portland, Oregon and traded on the New York and Pacific
 stock exchanges under the symbol POP.  Pope & Talbot was founded in 1849 and
 produces market pulp and softwood lumber at mills in the US and Canada.
 Markets for the Company's products include the U.S., Europe, Canada, South
 America, Japan and other Pacific Rim Countries.  For more information on Pope
 & Talbot, please check the website:  www.poptal.com.
 
 SOURCE  Pope & Talbot, Inc.