An independent economic assessment, released by the European Commission, estimated that economic gains from a transatlantic trade agreement could be significant: the EU economy could be boosted by €119 billion ($159 billion) per year and the US economy by €95 billion ($127 billion), and global income could increase by €100 billion ($133 billion) (Francois, 2013). In March 2014, the London Court of International Arbitration concluded that Canada's obligation to adjust export taxes under the Softwood Lumber Agreement terminated on 12 October 2013, the original termination date of the agreement (Kaufmann-Kohler et al., Exporters who paid adjusted taxes after that date may be entitled to reimbursement.