Preface

This report sets forth our expert opinion and conclusions concerning the NAFTA Chapter 11 claim submitted by Mercer International Inc. against the Government of Canada. In preparing this report, Pöyry has also used and has relied upon information provided by the Trade Law Bureau of the Department of Foreign Affairs, Trade and Development and the Department of Justice. We have reviewed this information and believe it is appropriate for the purposes of this report. This report and our opinions are based upon industry knowledge and assumptions we have made with respect to the information provided and reviewed.