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Trade News

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GTA-Commercial District CBSA/CSCB Meeting Minutes

January 13, 2011
Minutes of the GTA-Commercial District CBSA/CSCB meeting held on 17 November 2010 are now available on the Toronto Region page of the CSCB members site. To access, please login, click on the Regions tab, and then on the Toronto Region link.

Canadian international merchandise trade

January 13, 2011
The following is excerpted from a 13 January 2011 news release by Statistics Canada. Canada's merchandise imports declined 3.2% to $34.4 billion in November, led by a 15.1% drop in volumes of energy products. Overall, import volumes fell 2.4% and prices, down 0.8%, decreased for a fourth consecutive month. Energy products and machinery and equipment were the main factors behind the decrease in the value of imports. Conversely, imports of industrial goods and materials rose, as a result of solid gains in imports of precious metals.

Study: Comparing the 2008-2010 recession and recovery with previous cycles

January 13, 2011
The following is excerpted from a 13 January 2011 news release by Statistics Canada. By most conventional measures (real gross domestic product, employment or hours worked) the 2008-2009 recession in Canada was less severe than those in 1981-1982 and 1990-1992. However, this outcome does not capture the significant impacts stemming from the global financial crisis. Indeed, both output and employment in the early stages of the downturn contracted at the fastest rate of any post-war recession.

Advances made towards ATA implementation in Mexico

January 13, 2011
The following is a 13 January 2011 news release by the International Chamber of Commerce. Following years of suspense, the Mexican Customs administration (SAT – Servicio de Administracion Tributaria) has appointed CANACO (the Mexico City Chamber of Commerce) as the national guaranteeing and issuing organization for ATA Carnets in Mexico.

Canada Expands Air Agreement with Algeria

January 13, 2011
The following is a 11 January 2011 news release by DFAIT. The Honourable Lawrence Cannon, Minister of Foreign Affairs, while in Algeria, today announced the expansion of Canada’s air transport agreement with Algeria. “We are pleased to announce that Canada and Algeria are expanding their air transport agreement. This demonstrates the strength of the relationship between Canada and Algeria and our growing commercial and tourism ties,” said Minister Cannon after a bilateral visit with Algeria.
MEMBERS ONLY

Applicable Rate of QST

January 13, 2011
As members are aware, the rate of QST increased from 7.5% to 8.5% on January 1, 2011. And, prior to that date, the CSCB was asked by its members which rate would apply to goods that were imported in 2010 but accounted for in 2011.

Trade confidence down from recent peak: EDC survey

January 13, 2011
The following is excerpted from a 12 January 2011 news release by Export Development Canada. Canadian exporters are less confident about their near-term prospects than they were last spring, according to Export Development Canada’s (EDC) semi-annual Trade Confidence Index (TCI).

Loonie takes aim at $1.02

January 13, 2011
The following is from the 12 January 2011 edition of "cbc.ca". The loonie steadily rose on Wednesday, buoyed by a U.S.-led deal to take over a Canadian iron miner, and investors moving money out of flood-ravaged Australia.

Tariff Notice - TN-51-1

January 13, 2011
The Canada Border Services Agency (CBSA) wishes to advise you of corrections to the PDF Format; Complete Tariff (PDF, 7.3 MB) and the PDF Format; By Chapter versions (English Only) of the 2011 Departmental Consolidation of the Customs Tariff found on the CBSA website.
MEMBERS ONLY

Review of Remission Orders

January 13, 2011
The CSCB has recently been made aware that CBSA is conducting a review of certain remission orders, some of which are for fabric or finished apparel. Importers of affected goods were advised in mid-December that these remission orders may not be used until CBSA’s review is complete, hopefully by the end of February. Once CBSA’s review is complete, importers that are eligible to use the remission order may do so. And, any duty that is paid until that time may recovered by way of drawback.

Update to CFIA AIRS Website

January 13, 2011
Shift in description and number for the following Miscellaneous Codes. NO REQUIREMENT VERSION CHANGES # 601 - ON - East of Thunder Bay (was : East of Thunder Bay) # 602 - ON - Thunder Bay and West (was : West of Thunder Bay) # 655 - East of Thunder Bay (was : ON - East of Thunder Bay) # 657 - West of Thunder Bay (was : ON - Thunder Bay and West) Please check your version number before submitting through EDI. If you have any questions, please contact your Import Service Centre.

D8-2-16, Courier Imports Remission

January 13, 2011
1. This memorandum has been revised to include the Canada Border Services Agency (CBSA) title. It has also been amended to explain how Other Government Department (OGD) goods will utilize the Order. 2. The process associated with the report and release of consist sheet consolidation, which was previously contained in Memorandum D17-1-2 Reporting and Accounting for Low Value Commercial Goods (Under CAN$1,600) and Goods Eligible for Release Under the Courier Imports Remission Order, has been added to the memorandum.

D17-1-2, Reporting and Accounting for Low Value Commercial Goods (Under CAN$1,600)

January 13, 2011
1. The process associated with the report and release of Consist sheet consolidations, which was previously contained in this memorandum, has been transferred to Memorandum D8-2-16, Courier Imports. 2. The process regarding the release of low value commercial goods has been updated to reflect the information in Memorandum D17-1-4, Release of Commercial Goods. This Memo is available on the CBSA website at:

Lower coporate tax to boost Canada economy: report

January 12, 2011
The following is a 12 January 2011 news release by Reuters Canada. Lower corporate tax rates in Canada are expected to create jobs and boost business investment over the next two years, an industry group said in a report on Wednesday. The Canadian Manufacturers and Exporters (CME) also called on the government to extend the accelerated capital cost allowance for another five years. The allowance lets manufacturers speed up the way they deduct for tax purposes the cost of a capital asset.

CP Rail unveils richer 2011 capital budget

January 12, 2011
The following is a 12 January 2011 news release by Reuters Canada. Canadian Pacific Railway Ltd (CP.TO: Quote) (CP.N: Quote) plans to spend up to C$1.05 billion ($1.06 billion) on capital projects in 2011, about 25 percent more than it spent last year, as the Canadian and U.S. economies pick up steam. CP, Canada's second-biggest railway, said it will spend between C$950 million and C$1.05 billion this year, up from the C$750 million to C$800 million budgeted for 2010.

Update to CFIA AIRS Website

January 12, 2011
a) Chapter 15 was published to add the end use "Scientific use (Research)" to the following HS codes. 15.04.10.8009 Fish-liver oil. 15.04.20.8020 Fats and oils of fish (other than liver oils). 15.06.00.5902 Krill oil. Two miscellaneous codes were created: 806 : < 1 liter 807 : One (1) liter or more b) Chapter 21 was published to add new conditions to the following HS code. 21.06.90.1501 Bee related products c) Chapter 68 was published to add new OGD extensions.