Trade News

7 December 2007 Canada Revenue Agency interest rates for the first calendar quarter The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are…

7 December 2007 U.S. to Pressure China on Food and Product Safety at Coming Trade Talks The following is excerpted from the 7 December 2007 edition of “New York Times”. When Treasury Secretary Henry M. Paulson Jr. started his “strategic economic dialogue” with China a year ago, he was seeking…

6 December 2007 Proposal to amend tariff on certain fabrics used in the manufacture of upholstered furniture The following is a notice from Sean Clarke, International Trade Policy Division at the Department of Finance. I am writing to seek your views on a request that the Department has received to…

6 December 2007 Excise and GST/HST News, No 66 (Fall 2007) The “Excise and GST/HST News” from the Canada Revenue Agency for the fall of 2007 is available on the CRA website at: http://www.cra-arc.gc.ca/E/pub/gr/news66/news66-e.pdf.

6 December 2007 EDM1-1-2, Regional Excise Duty Offices This memorandum lists the Canada Revenue Agency (CRA) regional excise duty offices and provides their mailing addresses, telephone and facsimile numbers. Regional Excise Duty offices serve as the CRA’s liaison with licensees, registrants and the…

6 December 2007 Back to the 70s: That was then, this is now The following is a weekly commentary by Stephen S. Poloz of Export Development Canada issued on 5 December 2007. Those of us with grey hair have noticed that there are a lot of parallels between our current economic situation and that of…

6 December 2007 Trade barriers estimated to cost Canada $3B a year The following is excerpted from the 5 December 2007 edition of “Toronto Star”. Finance Minister Jim Flaherty said today the provinces should knock down trade barriers between them, which a Senate committee later heard is costing…

5 December 2007 Update to “List of pine shoot beetle infested areas in Canada and the United States” Members are advised that Appendix 1 “List of pine shoot beetle infested areas in Canada and the United States” of Directive D-94-22 “Plant Protection Requirements on Pine Plants and Pine Materials to…

5 December 2007 Canada-Dominican Republic Free Trade Agreement (FTA) – Negotiations on Market Access for Goods, Services and Investment On June 7, 2007, the Government of Canada announced the launch of Free Trade Agreement negotiations with the Dominican Republic (DR). In order to ensure that Canada…

5 December 2007 Consultation on Canada-CARICOM Free Trade Agreement (FTA) - Negotiations on Market access for goods, services and investment It is anticipated that Canada and the Caribbean Community (CARICOM) will exchange initial tariff offers for goods, services and investment in early 2008. To…

5 December 2007 Don't blame China for import safety The following is excerpted from the 4 December 2007 edition of “Journal of Commerce”. Corporations in the United States must take responsibility for the safety of their products produced in China, a top business executive said. “Blaming China is…

4 December 2007 Enforcement instructions concerning imports of certain laminate flooring from the People’s Republic of China and France following November 26, 2007 re-investigation conclusion On June 16, 2005, the Canadian International Trade Tribunal (Tribunal) found that the dumping in Canada of…

4 December 2007 Customs Tariff 2008 The Departmental Consolidation of the Customs Tariff 2008 (including amendments) is available on the CBSA website at: http://www.cbsa-asfc.gc.ca/trade-commerce/tariff-tarif/2008/01-99/tblmo…. The document is also available in the printable, pdf format…

4 December 2007 CP Message: Shipment delays due to heavy snowfall and road closures in British Columbia The CP mainline between Kamloops and Vancouver is currently impacted by snow slides that occurred on Monday, December 3rd. We are currently working to clear the lines. Recovery is being hampered…

4 December 2007 CP Message: Canadian Statutory Holiday Service Request Process Christmas Holiday Operations – ALL CUSTOMER SWITCHING (Note times are local and may vary depending on operating conditions) CPR train operations will be shut down as normal in recognition of the Christmas holiday. This…

4 December 2007 CP Message: United States Statutory Holiday Service Request Process Christmas Holiday Operations – ALL CUSTOMER SWITCHING (Note times are local and may vary depending on operating conditions) CPR train operations will be shut down as normal in recognition of the Christmas holiday…

4 December 2007 Update to CFIA AIRS website A) Chapter 30 was published to add a new OGD extension. 30.02.10.1095.14 Bulk ruminant serum (other than bovine), plasma or derivatives, dried or liquid B) Chapter 63 was published to add new OGD extensions. 63.05.32.0001 - Flexible intermediate bulk…

4 December 2007 Update to CFIA AIRS website (2) Chapter 31 was published to change the release recommendation from "Refuse entry" to "REFER TO CFIA - ISC" for the following HS codes: 31.01.00.1810.01 Avian (bird) - pure manure, processed and packaged. 31.01.00.1810.02 Bovine (cattle) - pure manure…

4 December 2007 Economic train wreck in the U.S. The following article is extracted from the 4 December 2007 edition of “globeandmail.com”. After subprime, decoupling just might be the most overused word of the year in economics…. Here's the theory: Forget the notion that the global economy closely…

4 December 2007 Was $1.10 too good to last? The following article was extracted from the 3 December 2007 edition of “globeandmail.com”. Just four weeks ago, the Canadian dollar seemed to be in the grips of an irrational frenzy as oil-fuelled speculation pushed the loonie past $1.10 (U.S.). By…