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Trade News

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You may search all CSCB articles here. Please note, articles with a dark blue background and the MEMBERS ONLY indicator are accessible only to logged-in employees of corporate member firms. Please click on the title link to access the article.

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In Memoriam - Morris Levine

March 21, 2011
The CSCB is saddened to report the passing of Morris Levine, of Bensol Customs Brokers. Morris began as a bookkeeper at the age of 19 and worked his entire 55 year customs brokerage career at the same company. During the 1970s Morris was very active on the Montreal division Board of Directors and handled the education portfolio. He was a DCCHBA member and founding corporate member of the CACB, CICB, CSCB, and was also a CCS designate prior to retirement.

Canadian dollar rebounds as oil, overseas worries support

March 21, 2011
This article is from the 21 March 2011 edition of “Reuters Canada”. The Canadian dollar rebounded on Monday from last week's sell-off against its U.S. counterpart as firm commodity prices and developments in strife-torn Libya and quake-stricken Japan bolstered the currency.

CSCB Toronto Regional Meeting

March 21, 2011
Only 3 days left for the CSCB Toronto Regional meeting. Register now and learn about the entire Audit Process. Date and time: March 24, 2011, between 5:00 and 9:00 pm. Panel Representatives:

The Government of Canada invests in Montreal bridges

March 21, 2011
The following news release was issued by Transport Canada on 18 March 2011. Senator Larry Smith, on behalf of the Honourable Chuck Strahl, Minister of Transport, Infrastructure and Communities, today announced funding of $228 million to the Jacques Cartier and Champlain Bridges Incorporated (JCCBI) to keep its bridges and other assets in Montreal safe.

Guide to Incoterms 2010 is now available

March 18, 2011
Written by renowned expert Prof. Jan Ramberg, this clearly structured handbook is the standard support tool for all users of Incoterms® 2010 and facilitates understanding and application of these globally used trade terms. ICC Guide to Incoterms® 2010 provides answers to the most important and recurring questions, i.e.:
MEMBERS ONLY

Advance Rulings and Reason to Believe

March 18, 2011
The CSCB recently asked CBSA about Advance Rulings for goods that are currently before the Canadian International Trade Tribunal. Members concerned with “Reason to Believe” will be interested in CBSA’s response. CSCB

Loonie rises as G7 moves to control surging yen

March 18, 2011
Following is an 18 March 2011 article by Malcolm Morrison of The Canadian Press. The Canadian dollar was higher following a coordinated effort to stabilize financial markets by reining in the Japanese yen.

Industrial Goods Chairman calls for flexibility to finalize texts

March 18, 2011
The following is a 17 March 2011 news release by the World Trade Organization. At the end of a week of intensive consultations on Non-Tariff Barriers, the chairman of the industrial goods negotiation, ambassador Luzius Wasescha, asked members to be flexible, wise and creative to finalize texts that can move the talks a decisive step forward.

You don't want to miss this meeting!!

March 18, 2011
Members are reminded that the CSCB Toronto Region invites you to attend its forthcoming general meeting. Date and time: March 24, 2011, between 5:00 and 9:00 pm. Subject: Customs Compliance - Understanding the Audit Process Panel Panel Representatives: Mr. Michael Sherbo, DB Schenker of Canada Mr. Ross Peters, FedEx Trade Networks & Brokerage Mr. John Moccia, Livingston International Inc. Mr. Jaime Seidner, Fraser Milner Casgrain LLP

Japan Earthquake: Information for Canadians Regarding Imported Food

March 18, 2011
The events unfolding in Japan pose no current risk to food in Canada. The Canadian Food Inspection Agency (CFIA), in coordination with other government and international partners, is closely monitoring the situation. We will continue the exchange of information with our international counterparts.

Update to CFIA AIRS Website

March 18, 2011
Chapter 29 was published to add new OGD extensions. 29.05.12.6300 - Isopropyl alcohol 29.05.12.6310 - n-Propyl alcohol

Update to CFIA AIRS Website

March 17, 2011
Chapter 12 was published to add the conditions for the end use "Conditioning (other than cleaning)" for the following HS Code. 12.05.10.7100 - Canola seed (seed) Please check your version number before submitting through EDI.