CBSA Releases Trade Verification Priorities
On a semi-annual basis, CBSA publishes the list of Trade Verification Priorities. The list covering priorities from July to December is now available on the CBSA website.
Importers are reminded that the CBSA employs a risk-based, evergreen process, which means that while new targets are added throughout the year, verification priorities may also be carried over from previous years.
Canada’s international trade strategy needs mending: Analyst
Canada is falling behind on international exports in key markets because of a lack of coordination between the federal government, the provinces and the private sector, a foreign trade analyst and former diplomat said this week.
Omar Allam added that a cohesive Canadian game plan on how to approach the global market is crucial, given Canada’s need to quickly adjust to major changes in the global trade scene, such as the Brexit, the Trans-Pacific Partnership and the potential Donald Trump administration in the United States.
Allam, chief executive and founder of global consultancy Allam Advisory Group, had served as a senior Canadian diplomat in India and Africa before entering the private sector. He said his experience in markets like India reflects a Canadian foreign trade effort that lacks alignment, often resulting in wasted efforts as some initiatives are duplicated by different groups.
“In India, you’ve got a lot of active interest from the federal and provincial sides, you have the Canada-India Business Council, you have other Canada-India chambers of commerce,” Allam said. “There are a lot of people playing in the same pot in terms of offering similar services … We have technology policies in place and are working on a free-trade deal. We have a nuclear agreement. But why isn’t trade increasing?”
This has been excerpted from the 20 July 2016 edition of the Vancouver Sun and is available in its entirety at:
Avian Influenza in Ontario
This table outlines the import restrictions that have been imposed by foreign trading partners as a result of the Avian Influenza (AI) outbreak in Ontario and import restrictions based on the suspension of export certifications due to AI-related language on the certificate. As import restrictions can change on a daily basis, exporters should confirm import conditions with foreign competent authorities through their importers prior to shipping.
Outbreak investigation details are available on the CFIA website.
Canada and Quebec join forces to promote trade with Europe
The Honourable Chrystia Freeland, Minister of International Trade, and Dominique Anglade, Quebec’s Minister of Economy, Science and Innovation…
Minister Freeland met with seven European counterparts on the margins of the G20 trade ministers meeting in Shanghai and while in London to discuss next steps on the signature and implementation of CETA.
Minister Anglade was in Germany with Quebec Premier Philippe Couillard to meet with business representatives and political leaders to discuss the benefits of CETA for all regions. The EU is already Quebec’s second-largest trading partner and export destination, and Quebecers stand to benefit significantly from this preferred access to the EU market…
This has been excerpted from 19 July 2016 news release by Global Affairs Canada.
UK opens ‘very fruitful’ trade talks with Canada, says minister
Britain opened “very fruitful” trade talks with Canada…, International Trade Secretary Liam Fox told the Sunday Times newspaper as he prepares to renegotiate Britain’s commercial ties following its vote last month to leave the European Union.
In limited extracts of his interview, Fox said he would soon travel to the United States to ensure that Britain was not at the back of the queue in trade talks as President Barack Obama had suggested before the June 23 vote.
He said he was “scoping” about a dozen free trade deals outside the EU to be ready for when Britain leaves, some with countries that had indicated they wanted a quick deal and others with some of the world’s major economies…
Earlier, Prime Minister Theresa May’s office said Australian Prime Minister Malcolm Turnbull had told her he would like to strike a free trade deal with Britain as soon as possible…
This has been excerpted from 16 July 2016 article by Reuters Canada.
Carson Ocean Freight Update July 15th
Ocean carriers have been trying to increase their costs as they are reaching cargo capacity during the Peak Season. The carrier July 1 GRI has gone through, and now the carrier Peak Season Surcharge (PSS) / GRI is also going through effective July 15.
The amount of the July 15 PSS/GRI:
LCL: USD 4/cbm
20ft: USD 225
40 ft: USD 250
40 HQ: USD 250
45 HQ: USD 317
Carriers are also trying to push another GRI on Aug 1, 2016
We will keep everyone updated.
Customs Examination Delays:
There has been a huge increase in the delays caused by Customs examinations. In Vancouver it is now taking approx. 30 days for CBSA to pick up a container and examine it. The costs associated with the exam have also spiked. Any importer who has had these issues should file an online complaint with the CBSA. They need to be aware of the damage this is causing:
Trans-Pacific Partnership Agreement has been added to the WCO Comparative Study on Preferential Rules of Origin
The Trans-Pacific Partnership (TPP) Agreement was signed on 4 February 2016 and it is the first of the so-called ‘mega-regional’ free trade agreements (FTAs), a term which refers to deep integration between countries, or regions with a major share of world trade and foreign direct investment (FDI). The 12 Parties to the Agreement are Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, Malaysia, New Zealand, Peru, Singapore, United States of America, and Vietnam.
This is a 12 July 2016 media release by the World Customs Organization and is available in its entirety at:
Prime Minister signs Landmark Free Trade Agreement with Ukraine
The Government of Canada remains committed to working with Ukrainian government and business leaders to deepen the commercial ties between our countries and create jobs, strengthen the middle class, and grow our economies.
Today, Prime Minister Trudeau and Ukraine’s Prime Minister Groysman, signed the milestone Canada-Ukraine Free Trade Agreement (CUFTA), which will open our markets to products, grow our communities, and give our citizens a higher standard of living.
The Agreement is part of Canada’s continued commitment to supporting Ukraine’s efforts to build a stable, democratic, and prosperous country.
Both Canada and Ukraine are committed to the timely ratification and implementation of CUFTA – so that Canadians and Ukrainians alike can take advantage of its benefits as soon as possible.
This has been excerpted from an 11 July 2016 news release by the Prime Minister of Canada and is available in its entirety at:
Anti-Dumping News: Conclusion of Recent Re-Investigation on Certain Stainless Steel Sinks that Originate in or are Exported from China
On Friday, July 8, 2016 the CBSA announced the conclusion of its recent re-investigation into normal values, export prices and amounts of subsidy on certain stainless steel sinks that originate in or are exported from China.
More information can be found on the CBSA website:
International Trade Minister announces tariff elimination on tech products
Canadians will benefit from lower costs and increased trade opportunities as a result of [July 4th] implementation of an expanded Information Technology Agreement (ITA), announced by the Honourable Chrystia Freeland, Minister of International Trade.
Canada’s implementation of the World Trade Organization’s (WTO) expanded ITA eliminates tariffs on 201 tech and information-related products. On July 1, 2016, Canada permanently locked in its duty-free status on the majority of products covered under the expanded ITA. The remaining tariffs will be eliminated over three years.
The ITA will benefit Canadian exporters of many products, including audiovisual products and parts, flight simulators, telecommunication products, software, media-storage devices, medical devices, touch-screen devices and medical equipment.
The additional products are estimated by the WTO to account for approximately $1.3 trillion in global annual trade. Canada is one of 53 WTO members, including China, the European Union, South Korea, Japan, and the United States, participating in the expanded ITA.
This has been published on 4 July 2016 by Global Affairs Canada.