Trade News

21 October 2008 WCO to officially recognize array of border agencies This article is excerpted from the 20 October 2008 edition of “The Journal of Commerce”. The World Customs Organization is adding a new “pillar” to its supply-chain security doctrine to emphasize the role of many government…

21 October 2008 Foreign Trade Regulations - Automated Export System Requirements The following news release was issued by Customs and Border Protection on 20 October 2008. U.S. Customs and Border Protection (CBP) published the Trade Act regulations in the Federal Register on December 5, 2003. The…

21 October 2008 US CBP Cargo Examinations The following announcement was made by US Customs and Border Protection on 20 October 2008. Historically, cargo entering the United States from any foreign territory has been subject to physical examination by the U.S. Government to verify that it complies…

21 October 2008 CBP cracks down on late duty payments via ACE This article is extracted from the 21 October 2008 edition of “American Shipper”. U.S. Customs and Border Protection last week announced new penalty guidelines for importers who are late paying estimated duties through the periodic…

21 October 2008 China official: Strengthen currency, diversity markets, raise quality This article is excerpted from the 21 October 2008 edition of “American Shipper”. China's export rate will moderate and go into a period of gradual decline, according to an official with the country's National…

21 October 2008 U.S., Japan, France offer help to banks This article is excerpted from the 21 October 2008 edition of “globeandmail.com”. Japan and France extended more help to banks, the IMF prepared to intervene in trouble spots around the world and the U.S. Federal Reserve devised a new plan to…

21 October 2008 U. S. Customs and Border Protection Announces Change to Port of Entry Hours of Operation The following announcement is from US Customs and Border Protection. U.S. Customs and Border Protection, in conjunction with Canadian Border Services Agency, wish to inform the public that the…

21 October 2008 Notes from National DEC Conference This article appeared in the 21 October 2008 edition of the “Export ABC’s” column in “The Journal of Commerce”. It is written by Frank Reynolds, president of International Projects, Inc., an export management company. Delegates from most of the…

20 October 2008 Undeclared Sulphites in Cedar Phoenicia Brand Greek Golden Peppers The following news release was issued by the CFIA on 17 October 2008. TheCanadian Food Inspection Agency (CFIA) is warning people with sensitivities to sulphites not to consume Cedar Phoenicia brand Greek Golden…

20 October 2008 Imported Dairy Ingredients and Soybean Meal for Livestock Feed The following news release was issued by the CFIA on 17 October 2008. Effective immediately, the Canadian Food Inspection Agency (CFIA) will require dairy ingredients and soybean meal originating from China intended for…

20 October 2008 November 2008 Softwood Lumber Quotas Now Available Message to Customs Brokers regarding Softwood Quota Allocations Softwood Lumber interim quota allocations for November 2008 are now available in EICS. Please be advised that the volume available currently represents 80% of the actual…

20 October 2008 Demand, credit issues cause export backlog at Vancouver port The following article is extracted from the 20 October 2008 edition of “American Shipper’. Falling demand and problems with letters of credit have led to massive backups in bulk product exports at the Canadian Port of…

20 October 2008 New CFIA e-mail address format Members are asked to note that, effective October 16, 2008, the format for all CFIA e-mail addresses will appear as [email protected] . This new format complies with Treasury Board's Common Look and Feel Standards for the Internet.

20 October 2008 Update to CFIA AIRS Web Site a) Chapter 04 was published to add requirements for Hong Kong for "Other end uses" for the following HS Code. This created a version change for all other countries. 04.09.00.1177 - Natural honey b) Chapter 24 was published to add the end use of "Other end…

20 October 2008 Ottawa poised to bolster bank lending The following article is excerpted from the 19 October 2008 edition of “globeandmail.com”. Ottawa is poised to guarantee loans Canada's banks extend to other financial institutions, a dramatic step aimed at ensuring the raft of multibillion…

20 October 2008 Bank of Canada expected to trim rate The following article is excerpted from the 19 October 2008 edition of the “Toronto Star”. The Bank of Canada is widely expected to chop its trend-setting nterest rate tomorrow by as much as half a percentage point, a move that would mark the…

20 October 2008 U.S. to Advance Imported Food Safety Efforts by Opening Foreign Offices This article is excerpted from the 20 October 2008 edition of “World\Trade Interactive”. The [US] Food and Drug Administration announced Oct. 16 that it is advancing its efforts to ensure the safety of imported…

20 October 2008 Big plans, earnest promises, few details This article is excerpted from the 19 October 2008 edition of “globeandmail.com”. A summit, yes. A clear plan? Far from it. U.S. President George W. Bush has agreed to host an emergency summit of world leaders to deal with the aftermath of the…

20 October 2008 Consensus Emerges to Let [US] Deficit Rise This article is excerpted from the 20 October 2008 edition of “The New York Times”. Like water rushing over a river’s banks, the federal government’s rapidly mounting expenses are overwhelming the federal budget and increasing an already…

20 October 2008 Chinese economy grows at slowest pace since 2003 This article is excerpted from the 20 October 2008 edition of “globeandmail.com”. China's economy is expanding at its slowest pace since the SARS epidemic of 2003, adding fresh anxieties to mounting fears of a global economic slump in…