Trade News

15 October 2008 Chertoff stands ground on 100% scanning This article is excerpted from the 15 October 2008 edition of “American Shipper”. U.S. Homeland Secretary Michael Chertoff remains unapologetic about his department's targeted approach towards implementing a mandate for overseas scanning of all…

15 October 2008 Economic crisis could help re-start Doha trade talks This article is excerpted from the 15 October 2008 edition of “The Journal of Commerce”. British Prime Minister Gordon Brown today called on leaders to use the global economic crisis as an opportunity to reform the world’s…

14 October 2008 D17-1-2, Reporting and Accounting for Low Value Commercial Goods (Under CAN$1,600) Goods eligible for Release Under the Courier Imports Remission Order This memorandum outlines the documentation requirements for the cargo reporting, release, and accounting of commercial shipments…

14 October D1-4-1, CBSA Invoice Requirements; CI1 Revised This memorandum explains the CBSA invoice requirements for commercial goods imported into Canada. Revisions This memorandum is revised as a result of the Paper Burden Reduction Initiative, the revisions are aimed at eliminating obsolete and…

14 October 2008 Revised CBSA Froms The following CBSA forms have been revised: E571, Late Accounting Penalties Application for Waiver, Cancellation http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/e571.pdf L55, Application for Customs Brokers Examination http://www.cbsa-asfc.gc.ca…

14 October 2008 CITT Public Interest Inquiry regarding Carbon Steel Welded Pipe, PB-2008-001 Commentary to the CITT from the Canadian Fence Industry Association and Protin Import Ltd regarding the public enquiry PB-2008-001 is available on the CITT website at: http://www.citt-tcce.gc.ca/doc/english…

14 October 2008 Havi Global Solutions (Canada) Limited Partnership vs. CBSA, Appeal No. AP-2007-014 IN THE MATTER OF an appeal heard on June 11, 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…

14 October 2008 CN Message: Mandatory filing of export information The following is a CN message to all customers who ship from the U.S. to Canada. The U.S. Census Bureau has issued the final rule amending Title 15, Code of Federal Regulations, Part 30, Foreign Trade Regulations in its entirety. The…

14 October 2008 Ottawa weighs new measures for banks The following article is extracted from the 14 October 2008 edition of “globeandmail.com”. Ottawa is facing pressure to introduce further backstops for the Canadian banking system, following a series of co-ordinated moves by the world's industrial…

14 October 2008 Relieved investors lift stocks worldwide This article is excerpted from the 14 October 2008 edition of “globeandmail.com”. Global investors jumped into equities for the second day in a row on Tuesday, dumping relatively safer assets as they took comfort from concerted efforts by…

14 October 2008 Commodity Prices Tumble This article is excerpted from the 14 October 2008 edition of “The New York Times”. The global financial panic and the economic slowdown have put at least a temporary end to the commodity bull market of the last seven years, sending prices tumbling for many of…

14 October 2008 Japanese Stocks Soar; Europe Also Posts Solid Gains This article is excerpted from the 14 October 2008 edition of “The New York Times”. The rally in global stocks carried over for a second day, with Japanese stocks rocketing Tuesday and European markets posting solid gains in the…

14 October 2008 Demand for Trade Financing Drives Up Price, Prompting WTO Review This article is extracted from the 14 October 2008 edition of “WorldTrade Interactive”. The instability affecting financial markets worldwide is driving up demand for trade financing and increasing prices for importers…

14 October 2008 AAFA: Importers wary of Chinese textile monitoring program This article is excerpted from the 13 October 2008 edition of “American Shipper”. U.S. House Ways and Means Committee Chairman Charles B. Rangel, D-N.Y., last week sent a letter to the U.S. International Trade Commission…

10 October 2008 ENDS TODAY Correction Period for September Softwood Lumber Permits Members are advised that the correction period for September 2008 Softwood Lumber permits ends Friday 10 Oct 2008, at 20:00 EST. We remind you of the importance of submitting correct information on permits as this is…

10 October 2008 Silence surrounds trade issues The following article was written by Carol Goar for the 10 October 2008 edition of “Toronto Star”. The trade landscape in Canada could shift rapidly and radically after next week's election. Seven days from now, Canadian negotiators and their…

10 October 2008 Update to CFIA AIRS website Chapter 01 was published to add a new end use for the following HS codes from all countries. 01.06.19.2070.01 Raccoons 01.06.19.2070.08 Spotted skunk 01.06.19.2070.09 Striped skunk 01.06.19.2071.09 Red foxes 01.06.19.2071.10 Grey foxes 01.06.19.2071.11…

10 October 2008 Update to CFIA AIRS website (2) Chapter 18 was published to change the release recommendation from "Approved" to "Refer to CFIA-ISC" for the following HS codes for Afghanistan, Bangladesh, Brunei Darussalam, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea (Democratic…

10 October 2008 CFIA Planned System Outage The following notice is from CFIA’s Import Systems Unit. On Saturday, October 11, 2008, the Agriculture and Agrifood Canada (AAFC) Ottawa Data Centre will begin the first phase of a six-part move to the new National Headquarters Complex. As a result, the…