Trade News

Much has been said about the importance of a trade deal with the U.S. for the Canadian economy, as officials from both sides of the border continue to try to hash out a new agreement. But, even if a new NAFTA deal is reached, it will not prevent the Canadian economy from slowing down from the robust…

Canada's merchandise trade deficit with the world shrank to $114 million in July, the smallest since a surplus in December 2016, as its trade surplus with the United States grew to the biggest in a decade, Statistics Canada reported Wednesday. The federal agency reported that merchandise exports to…

Canada’s negotiating team in Washington is returning to the bargaining table to resume talks with their U.S. counterparts, hoping for a breakthrough to reach a deal on the North American Free Trade Agreement. Foreign Affairs Minister Chrystia Freeland said she is looking over the work that officials…

Money is getting less plentiful. The world has been swimming in excess liquidity in the post-recession period. This was good policy that prevented a costly financial market freeze-up. But there were unintended consequences, and as the policy is unwinding, so are the unintended consequences. Some…

The Canada Border Services Agency (CBSA) initiated a scope proceeding on September 6, 2018, under the Special Import Measures Act (SIMA) respecting certain fabricated industrial steel components (FISC) from China, South Korea and Spain. The scope proceeding is the result of an application filed with…

The International Longshore and Warehouse Union (ILWU) has issued a 72 hour strike notice on September 3, 2018. Any strike action would affect the Deltaport and Vanterm terminals in Vancouver. Additional information has been provided by Global Container terminals.

When you are packing for Puerto Vallarta, don’t forget to bring your ideas for CARM!! We are very excited to announce that Lisa Anawati, CBSA VP of CARM (CBSA Assessment and Revenue Management) will be leading a conference session for us on the current state of CARM, the next big CBSA initiative…

Starting Oct. 1 the [U.S.] Food and Drug Administration will begin issuing and collecting fees for new export certifications for food for human consumption other than dietary supplements, medical foods, and foods for special dietary use. The FDA states that this program will apply to foods such as…

The Bank of Canada is taking a breather from its efforts to push up interest rates as it watches the fallout from the country’s trade showdown with the U.S. The central bank opted to leave its key rate at 1.5 per cent Wednesday in spite of unexpectedly good economic conditions this summer. “The bank…

Foreign Affairs Minister Chrystia Freeland is back in Washington today to resume talks with her U.S. counterpart aimed at bringing Canada into the NAFTA fold. Freeland is to meet with American trade czar Robert Lighthizer later this morning at his office near the White House. Canada and the U.S…

Canadian Prime Minister Justin Trudeau said his government will hold steadfast on two key issues that have become sticking points in Nafta talks, saying he’d prefer to see the current pact killed than be forced to accept a bad deal. Trudeau, speaking a day before U.S.-Canada talks were due to resume…

CFIA advises that Module 5.6: Export to the U.S.- Horses of the Accredited Veterinarian’s Manual has been updated: New certificates (HA1964 and HA1963) to export Horses to the U.S. have been validated. USDA has confirmed that they do not require the inspection to take place at the premises of origin…

The following was published in Part I of the Canada Gazette on September 1, 2018. Canada Border Services Agency Special Import Measures Act Certain 54-inch gypsum board — Decision Cold-rolled steel — Decisions Canadian International Trade Tribunal Appeal Notice No. HA-2018-013 Commencement of…

The Canada Border Services Agency (CBSA) has today initiated a normal value review to update the normal values and export prices of certain carbon and alloy steel line pipe (line pipe) exported from South Korea to Canada by Husteel Co., Ltd. (Husteel). The normal value review is part of the CBSA’s…

President Donald Trump’s effort to force Canada into signing on to a new NAFTA on his terms is facing new hurdles thanks to growing opposition at home to his threat to proceed without the U.S.’s northern neighbor. Trump’s frustration spilled into the open over the holiday weekend as he railed…

This message was received on August 31 at 5:40 PM. The Canada Border Services Agency (CBSA) wishes to advise of an amendment to the July 1, 2018 version of the Departmental Consolidation of the Customs Tariff. The statistical suffix for tariff item 4412.99.90.20 has been deleted and tariff item 4412…