Trade News

12 March Trade facilitation -- time for change On second thought... The following was written by Jost Dietmar for March 11th edition of "American Shipper". Trade facilitation has become a rich men’s club! Common sense tells us trade facilitation measures should aim to lower the cost for industry to…

11 March 2009 2009 Turkey & Turkey Products Quota Holders' List The turkey & turkey products quota holders' list for 2009 is now available on the EICS website at: http://www.international.gc.ca/controls-controles/prod/agri/turkey-dind….

11 March 2009 Update to CFIA AIRS website Chapter 24 was published to change the release recommendation from "Refer to CFIA-ISC" to "Approved" for the following HS Codes with the end use of "Canadian goods returning to Canada". 24.01.10.0001 - Tobacco, not stemmed or not stripped (i.e. whole plant…

11 March 2009 Despite assurances, Buy American lives This article is excerpted from the 11 March 2009 edition of “globeandmail.com”. Buried deep in the Water Quality Investment Act of 2009 – a proposed piece of U.S. legislation that would grant billions to state and local governments – Buy American…

11 March 2009 How to slay the ‘Great Recession' This article is excerpted from the 11 March 2009 edition of “globeandmail.com”. THE UNITED STATES: For the Americans, the priority is to get credit flowing again. Their Job One is to free up the movement of money - preferably through co-ordinated…

11 March 2009 Brace for sharp slump, IMF warns Canada The following article is extracted from the 11 March 2009 edition of “globeandmail.com”. Canada's economy will likely contract rapidly in the next few months, putting pressure on bank credit, especially in the West, the International Monetary…

11 March 2009 ‘Less than a depression, but greater than a recession,' DBRS sees This article is extracted from the 11 March 2009 edition of “globeandmail.com”. Government stimulus packages are “unlikely to have a perceptible impact this year,” says credit rating agency DBRS. It said Wednesday that…

11 March 2009 Mr. Obama’s Trade Agenda This article is extracted from the 11 March 2009 edition of “The New York Times”. In tough times, there is a strong temptation to turn inward. With so many Americans already out of work, why shouldn’t the country raise trade barriers to protect its workers from…

11 March 2009 [US] House Food Safety Bill Imposes New Requirements on Imports This article is excerpted from the 11 March 2009 edition of “WorldTrade Interactive”. Reps. Adam Putnam, R-Fla., and Jim Costa, D-Calif., introduced March 5 legislation that would establish new food safety requirements for…

11 March 2009 Conflicting Signals About the Chinese Economy This article is excerpted from the 11 March 2009 edition of “The New York Times”. China’s exports plunged by a record 25.7 percent last month but investment spending surged as the country’s stimulus program took hold, Beijing authorities…

11 March 2009 [US] Commission publishes final rule on lead content in children’s products This article is extracted from the 11 March 2009 edition of “The Journal of Commerce”. The [US] Consumer Product Safety Commission published a final rule outlining the steps [US] importers and manufacturers…

11 March 2009 Global recession deepening, Geithner says This article is excerpted from the 11 March 2009 edition of “globeandmail.com”. U.S. Treasury Secretary Timothy Geithner says the global recession is deepening. He called for strong actions by all major countries to combat the economic downturn…

10 March 2009 100 Percent Polyester Warp Pile Fabric, Cut, Request No. TR-2008-003 NOTICE OF COMMENCEMENT OF INVESTIGATION Notice is hereby given that the Canadian International Trade Tribunal (the Tribunal) is satisfied that the request received from Caskets Vic Royal, a Division of Victoriaville…

10 March 2009 Dollar closes under 78¢ The following is excerpted from the March 9th edition of "Toronto Star". ..[Yesterday], the Canadian dollar closed at its lowest level in nearly five years after the economy was hit with more bad news, this time in the housing sector. The loonie fell to close at…

10 March 2009 Officials seek bridge plan The following is excerpted from the March 8th edition of "TimesHerald.com". A group of Canadian officials is calling for the appointment of special ambassadors on both sides of the border to help deal with what they call the thickening of international…

10 March 2009 Canada will be first to rebound, PM says The following is excerpted from today's edition of "globeandmail.com". Prime Minister Stephen Harper predicts Canada will come out of a global recession faster and stronger than any other country. But he warned that it won't happen until the U.S…

10 March 2009 [US] Economy nears 'worst-case' scenario, Buffett The following is excerpted from the March 10th edition of "Toronto Star". Billionaire investor Warren Buffett said yesterday the United States economy had "fallen off a cliff" but would eventually recover, although a rebound could…

10 March 2009 [US] Ex-Im Bank Program Speeds Approval of Export Loans The following was reported on in the March 10th edition of S,T&R's "WorldTrade Interactive". The [US] Export-Import Bank is promoting a program that allows lenders to speed the approval of Ex-Im-guaranteed medium-term export loans…

10 March 2009 World Customs Organization, 2009 Outlook The following was written by Kunio Mikuriya, WCO Secretary-general, for today's edition of "Journal of Commerce". The current global financial crisis will continue to impact the customs and trade environment during 2009. The effects of the…

10 March 2009 Secretary Napolitano's First International Travel The following news release was issued on March 6th by Department of Homeland Security. Secretary Napolitano is committed to strengthening relationships between the United States and countries around the world, which will help keep the…