Trade News

22 January 2009 Don’t Disregard Demography The following was written by Peter G. Hall, Vice-President and Chief Economist, Export Development Canada. Concerns about the current path of the world economy have analysts and strategists transfixed on the latest monthly data releases, and with just cause…

22 January 2009 China says economic slowdown worsening The following is excerpted from the 21 January 2009 edition of “globeandmail.com”. China's economic slump deepened in the final quarter of 2008 as the impact of the global financial crisis worsened, adding to the threat of more heavy job losses…

22 January 2009 EU Issues Plan to Boost Maritime Transport The following was reported on in the 21 January 2009 edition of “New York Times”. The European Commission has announced a plan to boost employment and save euro 2.4 billion ($3.1 billion) by cutting red tape in the EU maritime transport…

22 January 2009 Trade boosts optimism of small business: UPS survey The following was reported on in the 21 January 2009 edition of “Journal of Commerce”. A large majority of small-business owners remain optimistic about their company’s financial future despite the current economic crisis, according…

22 January 2009 White House order may delay 10+2 import rule The following is excerpted from the 22 January 2009 edition of “Journal of Commerce”. A White House order to federal agencies to halt work on pending regulations may affect the timing of Customs and Border Protection's Importer Security…

21 January 2009 Notice of Extension, Laminate Flooring On October 23, 2008, the CBSA initiated a re-investigation of the normal values and export prices respecting laminate flooring in thickness ranging from 5.5mm to 13mm (other than laminate hardwood flooring where the hardwood component exceeds…

21 January 2009 What he means for us This article, written by Michael Kergin and Allan Gotlieb, senior advisers to the law firm Bennett Jones LLP, and former Canadian ambassadors to the United States, appears in the 21 January 2009 edition of “globeandmail.com”. Expectations for the Obama presidency…

21 January 2009 Update to CFIA AIRS website Chapter 07 was published to add new OGD extensions. 07.09.51.3027 - Cultivated mushroom 07.09.51.3028 - Wild mushroom This created requirement version changes for the following HS Codes. 07.09.59.0000.00 - Mushrooms and truffles : Other 07.09.59.3024 -…

21 January 2009 Update to CFIA AIRS website Chapter 01 was published to change the recommendation from "Refer to CFIA - veterinary inspection" to "CBSA Inspection" for the following HS codes and end use "Canadian or American horse returning to Canada" with the miscellaneous: "Single level trailer"…

21 January 2009 Outlook dims as rates fall to record low The following article is extracted from the 21 January 2009 edition of “globeandmail.com”. The Bank of Canada has cut its key interest rate to a record low, warning of a deepening recession that is hitting the country on many fronts – a bleak…

21 January 2009 Canada and India vow to deepen ties This article is excerpted from the 21 January 2009 edition of “globeandmail.com”. Canada and India have agreed to launch talks aimed at negotiating a free-trade agreement as the two countries seek to warm up a bilateral relationship that has…

21 January 2009 Wholesale trade declines on falling demand for exports This article is excerpted from the 21 January 2009 edition of “globeandmail.com”. Canadian wholesale trade declined by 1.6 per cent in November from October on lower demand for exports and weaker sales in Canada… . The drop – the…

21 January 2009 As Bank Crisis Deepens, Obama Has No Quick Fix This article is excerpted from the 21January 2009 edition of “The New York Times”. Even before they have settled into their new jobs, President Obama’s economic team faces an acute crisis in the nation’s banking system that has no easy…

21 January 2009 [US] Legislative Update: Fast Start for Trade Bills This article is extracted from the 21 January 2009 edition of “WorldTrade Interactive”. Although the conventional wisdom is that major trade policy initiatives are unlikely to emerge from Congress in the near term, a good deal of…

20 January 2009 D19-9-3, Importation and Exportation of Human Remains and Other Human Tissues The Canada Border Services Agency (CBSA) assists the Public Health Agency of Canada (PHAC) in the administration of the Quarantine Act and the Quarantine Regulations established thereunder. This memorandum…

20 January 2009 Update to CFIA AIRS website Chapter 01 was published to change the requirement for horses for immediate slaughter from Florida for the following HS Codes. 01.01.10.2001 Horses: Thoroughbred. 01.01.10.2002 Horses: Other breeds. 01.01.10.2004 Asses: Purebred breeding animals (includes…

20 January 2009 Bank's key rate cut to record low The following is excerpted from the 20 January 2009 edition of “globeandmail.com”. The Bank of Canada has chopped its key interest rate by another half percentage point to its lowest level ever, and warned that the Canadian economy will contract by 1…

20 January 2009 Mr. Obama, tear down that border The following is excerpted from the Patrick Grady column written for the 20 January 2009 edition of the "National Post". Patrick Grady is an economist with global-economics.ca. The Canadian government must start to engage the new Barack Obama…