Government’s Tariff Relief to Bolster Jobs and Growth

October 15, 2012

The following is excerpted from an 11 October 2012 news release by the Department of Finance Canada.

Please note the tariff changes referred to in this Department of Finance notice were included in an October 10 CSCB message listing official regulations from the Canada Gazette.

The Honourable Jim Flaherty, Minister of Finance, today announced new tariff relief for Canadian manufacturers to foster jobs and growth. This relief is expected to save Canadian businesses about $1.7 million annually.

“This initiative builds on our Government’s commitment to make Canada a tariff-free zone for industrial manufacturers—the first country in the G-20 to do so,” said Minister Flaherty. “This tariff relief will lower costs for Canadian businesses, enhancing their competitiveness in domestic and international markets, and fostering jobs and growth.”

This release is available in its entirety at:
http://www.fin.gc.ca/n12/12-121-eng.asp

Topic(s)

International Trade and Border Management

Information source

Global Affairs Canada (GAC)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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