Trade News

16 October 2009 Global Recession Tests Mexico’s Mettle The following was written by Peter G. Hall, Vice-President and Chief Economist, Export Development Canada. Globalization revolutionized world commerce in the 1990s, and Mexico joined the movement with gusto. This decision paid dividends to the…

16 October 2009 Freight Index Rose 0.7 Percent in August from July The following is excerpted from the report by the US Bureau of Transportation Statistics. The Freight Transportation Services Index (TSI) rose 0.7 percent in August from its July level, the second consecutive monthly increase, the U…

15 October 2009 New U.S. import requirements for fresh peppers shipped from Canada The following news release was issued on 14 October 2009 by CFIA. Effective today, the United States Department of Agriculture (USDA) will only import fresh peppers from Canada if they are accompanied by a CFIA-issued…

15 October 2009 Update to Customs Self Assessment – Importer Application – Part I CBSA no longer requires CSA importer applicants to have at least a two-year history of actively importing commercial goods into Canada. Instead, the importer applicant must have imported commercial goods into Canada at…

15 October 2009 CBSA Message: Scheduled Maintenance Outage The following message is from CBSA (EDI09-094). Saturday, October 17th, 2009 EDI Mailbox Outage: Please be advised that due to scheduled maintenance, the mailboxes between ACROSS and CCS/CADEX will be down on Saturday, October 17th, 2009…

15 October 2009 Russia and Canada Partner for Ground-Breaking New Opportunities for Agricultural Exports The following is excerpted from the 13 October 2009 news release by Argiculture and Agri-Food Canada. Canada and Russia are creating ground-breaking new opportunities for agricultural trade and…

15 October 2009 Efforts to stop Buy American moving slowly The following is excerpted from the 13 October 2009 edition of "The Star". Canada's efforts to have Canadian firms exempted from protectionist Buy American measures in the United States are moving slowly as organized labour and other…

15 October 2009 Trade Terms Set for Revision The following is excerpted from today's edition of "The Journal of Commerce". Definitions of terms used in buyer-seller contracts involving the transfer of goods are on track for revision by 2011, the U.S. representative on the project told The Journal of…

15 October 2009 In Recession, China Solidifies Its Lead in Global Trade The following is excerpted from the 14 October 2009 edition of "The New York Times". With the global recession making consumers and businesses more price-conscious, China is grabbing market share from its export competitors…

14 October 2009 Currency's climb alarms exporters This article is excerpted from the 14 October 2009 edition of “The Star”. …. The dollar's flight back to par has Canadian manufacturers on the edge of their seats. "This has the possibility to turn some of those green shoots into yellow leaves. It's…

14 October 2009 Consultations on possible Free Trade Agreement negotiations with the Kingdom of Morocco The following letter is from Douglas George, Director, Bilateral Market Access Division, DFAIT. In June 2009 Canada held exploratory discussions with the Kingdom of Morocco to examine the…

14 October 2009 Update to the CFIA AIRS website a) Chapter 07 was published to change the release recommendation from "Approved" to "Refer to CFIA - ISC" for the following HS codes. 07.09.60.0001 - Pepper (fresh or chilled) 07.09.60.0002 - Bell pepper (fresh or chilled) 07.09.60.9999 - Other fruits…

14 October 2009 Why the U.S. dollar's decline means a rise in global fortunes This article is extracted from the 14 October 2009 edition of “globeandmail.com”. It's both a symptom and a cure. The acceleration of the U.S. dollar's decline in recent days is creating anxiety for exporters in Canada…

14 October 2009 Self-correct misallocated payments The following tax tip is from CRA. Did you know... You can use My Business Account to transfer payments and credits within your goods and services tax/harmonized sales tax (GST/HST), corporation income tax, excise tax, excise duty, excise tax on…

14 October 2009 Update to Self-correct misallocated payments The CSCB has contacted the CRA to ask if "My Business Account" can be used to pay GST/HST, excise tax, or excise duty on imported goods that are not subject to regular customs duty. The answer was a resounding no. This is due to the fact…

14 October 2009 Analysts see dollar at parity soon The following article is extracted from the 14 October 2009 edition of “globeandmail.com”. The Canadian dollar surged again Wednesday, moving well above 97 cents (U.S.) as the U.S. currency continued to sink. The dollar rose to 97.27 cents, up 0.79…

14 October 2009 CBP Removes Compliance Date Provisions from Electronic Cargo This article is excerpted from the 14 October 2009 edition of “WorldTrade Interactive”. U.S. Customs and Border Protection has issued a final rule that, effective Oct. 14, removes the compliance date provisions of various…

14 October 2009 Box Trade Moves toward Recovery This article is extracted from the 13 October 2009 edition of “The Journal of Commerce”. Recession ravaged one economy after another in 2009, fulfilling earlier dire predictions for the global container industry, said Drewry Shipping Consultants in…

14 October 2009 USDA holds inspection user fee meeting The following article is excerpted from the 14 October 2009 edition of “American Shipper”. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service will hold a public meeting on Oct. 15 to discuss the agricultural…

14 October 2009 Annual Review and Outlook: 2009 The following commentary is by Robert J. Pisani of Pisani & Roll PLLC, and is excerpted from the 14 October 2009 edition of “The Journal of Commerce”. The state of the global economy is dramatically changing the landscape for international trade. The…