Raised tariffs not yet a challenge for Flaherty in Asia

March 25, 2013

The following is excerpted from the 25 March 2013 edition of CBC News.

Finance Minister Jim Flaherty, in Hong Kong to tout Canada's economic record and promote it as a valuable trade partner, said Monday there has been zero reaction to a budget measure that will increase import tariffs for countries in the region.

Flaherty's eighth budget, delivered on Thursday, takes Hong Kong, China, Thailand and other countries off the list of those covered by the General Preferential Tariff program.

Pushing a trade agenda with Asian economies while at the same time raising tariffs on them could pose a challenge for Flaherty, but no one raised the issue with him during his meetings Monday morning in Hong Kong, the finance minister said.

This article is available in its entirety at:
http://www.cbc.ca/news/politics/story/2013/03/24/fitzpatrick-hong-kong-flaherty.html

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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