Trade News

10 December 2008 Update to CFIA AIRS website Chapter 01 was published to add a new end use to the following HS codes for the USA for the end use: display in zoo. 01.06.19.2070.02 Coatis. This new requirement created a change of version for the following HS codes: 01.06.19.2070.03 - Kinkajous. 01.06…

10 December 2008 Big banks keep slice of deep rate cut The following article is excerpted from the 10 December 2008 edition of the “Toronto Star”. The Bank of Canada slashed its key interest rate yesterday by three-quarters of a percentage point to the lowest level in half a century and confirmed…

10 December 2008 New Year’s Border Tie-Ups Possible Unless US Adopts Contingency Plan for Electronic Collection of Border Crossing Fees: CTA This is an excerpt from a news release issued by the Canadian Trucking Association on 8 December 2008. The Canadian Trucking Alliance says the implementation…

10 December 2008 Port of Montreal not content to contain itself The following article is excerpted from the 9 December 2008 edition of “globeandmail.com”. The global economy might be slowing down and with it international trade, but so far it is having little effect on the Port of Montreal…

10 December 2008 China unveils new forwarder standards This article is excerpted from the 9 December 2008 edition of “American Shipper”. The Chinese government has issued new standards for its domestic freight forwarding industry, the Hong Kong Shipping Gazette reported Tuesday. The new standards…

10 December 2008 Dire Forecast for Global Economy and Trade This article is extracted from the 10 December 2008 edition of “The New York Times”. The world economy is on the brink of a rare global recession, the World Bank said in a forecast released Tuesday, with world trade projected to fall next…

10 December 2008 [US] Auto bailout could be finalized today This article is excerpted from the 10 December 2008 edition of “globeandmail.com”. U.S. officials struck an agreement in principle Tuesday on providing $15-billion (U.S.) in emergency loans to the failing auto industry and hoped to finalize…

10 December 2008 SOS Container ship lines struggle to survive what could be an extended bust This article is extracted from the 10 December 2008 edition of “The Journal of Commerce”. What will the container shipping industry look like when it emerges from its current funk? When will global…

9 December 2008 Methodology for the 2009 allocations to eligible softwood lumber exporters The following methodology will be applied in regard to the Allocations of Regional Quota Volume (RQV) in Option B Regions as follows: Quebec The 2009 allocation methodology will remain the same as the…

9 December 2008 CBSA Message: Scheduled CIG outage The following message is from CBSA (EDI08-098). Please note that on Wednesday, December 10, 2008 at 1:00 am (Eastern Time), for maintenance purposes, there will be a 20 minute interruption in processing inbound and outbound data over the Customs…

9 December 2008 Update to CFIA AIRS website Chapter 06 was published to change the release recommendation from "Refer to CFIA-ISC" to "Approved" for the following HS Codes for the Continental United States. 06.04.91.0045.42 - Foliage, branches - fresh - Willow 06.04.91.0047.13 - Foliage, branches -…

8 December 2008 Bank of Canada cuts rates to 50-year low This article is excerpted from the 9 December 2008 edition of “Reuters Canada”. The Bank of Canada unexpectedly cut its key interest rate on Tuesday by three-quarters of a percentage point to a 50-year low of 1.50 percent and declared the…

8 December 2008 Get close to Obama on economy and security, paper says This article is excerpted from the 9 December 2008 edition of “globeandmail.com”. A group of influential foreign-affairs experts wants Prime Minister Stephen Harper to develop a close friendship with president-elect Barack Obama…

9 December 2008 Global action offers shelter to weather economic storm The following is written by Daniel Schwanen, an economist and acting executive director of the Centre for International Governance Innovation in Waterloo, for the 9 December 2008 edition of “globeandmail.com”. While Ottawa has…

9 December 2008 EU and Canada open aviation market This article is excerpted from the 9 December 2008 edition of “Toronto Star”. The European Union and Canada have reached a deal that will open up their aviation markets to each other, removing restrictions on ownership and direct flights, EU…

9 December 2008 Retail container traffic falls for 16th straight month The following is excerpted from the 9 December 2008 edition of “American Shipper”. Year-over-year cargo volume at the nation's major retail container ports fell for the 16th straight month in November. 2008 is on track to be the…

8 December 2008 D19-12-1, Importation of Vehicles The Canada Border Services Agency (CBSA) assists Transport Canada with the administration of the Motor Vehicle Safety Act and the Motor Vehicle Safety Regulations by administering and enforcing the conditions under which new and used vehicles may be…

8 December 2008 Trade Actions Database A comprehensive database regarding international trade actions on the imposition of anti-dumping and countervailing actions from the World Trade Organization is available for download from the CITT at: http://www.citt.gc.ca/publicat/tad_e.zip (please note…

8 December 2008 Andrew Taylor vs CBSA, Appeal No. AP-2007-025 IN THE MATTER OF an appeal heard on August 21, 2008, under subsection 67(1) of the Customs Act, R.S.C. 1985 (2d Supp.), c. 1; AND IN THE MATTER OF a decision of the President of the Canada Border Services Agency, dated April 18, 2007…

8 December 2008 D Series Checklist Updated The D0 series checklist of memoranda is available on the CBSA website at: http://www.cbsa.gc.ca/publications/dm-md/d0/d0-200811.pdf.