Trade News

14 October 2008 Demand for Trade Financing Drives Up Price, Prompting WTO Review This article is extracted from the 14 October 2008 edition of “WorldTrade Interactive”. The instability affecting financial markets worldwide is driving up demand for trade financing and increasing prices for importers…

14 October 2008 AAFA: Importers wary of Chinese textile monitoring program This article is excerpted from the 13 October 2008 edition of “American Shipper”. U.S. House Ways and Means Committee Chairman Charles B. Rangel, D-N.Y., last week sent a letter to the U.S. International Trade Commission…

10 October 2008 ENDS TODAY Correction Period for September Softwood Lumber Permits Members are advised that the correction period for September 2008 Softwood Lumber permits ends Friday 10 Oct 2008, at 20:00 EST. We remind you of the importance of submitting correct information on permits as this is…

10 October 2008 Silence surrounds trade issues The following article was written by Carol Goar for the 10 October 2008 edition of “Toronto Star”. The trade landscape in Canada could shift rapidly and radically after next week's election. Seven days from now, Canadian negotiators and their…

10 October 2008 Update to CFIA AIRS website Chapter 01 was published to add a new end use for the following HS codes from all countries. 01.06.19.2070.01 Raccoons 01.06.19.2070.08 Spotted skunk 01.06.19.2070.09 Striped skunk 01.06.19.2071.09 Red foxes 01.06.19.2071.10 Grey foxes 01.06.19.2071.11…

10 October 2008 Update to CFIA AIRS website (2) Chapter 18 was published to change the release recommendation from "Approved" to "Refer to CFIA-ISC" for the following HS codes for Afghanistan, Bangladesh, Brunei Darussalam, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea (Democratic…

10 October 2008 CFIA Planned System Outage The following notice is from CFIA’s Import Systems Unit. On Saturday, October 11, 2008, the Agriculture and Agrifood Canada (AAFC) Ottawa Data Centre will begin the first phase of a six-part move to the new National Headquarters Complex. As a result, the…

10 October 2008 Loonie drops more than 2 cents The following is excerpted from the 10 October 2008 edition of the “globeandmail.com”. The Canadian dollar took another dive Thursday, falling by more than 2 cents at one point to its lowest level in more than 13 months. Market watchers couldn't point…

10 October 2008 Government of Canada Responds to Global Financial Turmoil With Support for Canadian Credit Markets The following is excerpted from the 10 October 2008 news release by Finance Canada. The Honourable Jim Flaherty, Minister of Finance, today announced the Government will take steps to…

10 October 2008 USDA to phase in Lacey Act import declaration enforcement The following is excerpted from the 9 October 2008 edition of “American Shipper”. The U.S. Department of Agriculture said it will phase in enforcement of a sweeping new import declaration requirement for wood and wood-based…

9 October 2008 Revised CBSA Forms The following forms have been revised: BSF658, NEXUS Application http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/bsf658-eng.pdf E677, Cross-Border Currency or Monetary Instruments Report – Individual http://www.cbsa-asfc.gc.ca/publications/forms…

9 October 2008 Sherwood Brands Pirate's Gold Milk Chocolate Coins may be Contaminated with Melamine The following is excerpted from the 8 October 2008 news release by CFIA. The Canadian Food Inspection Agency (CFIA) is warning the public not to consume, distribute, or sell the Sherwood Brands Pirate…

9 October 2008 D11-6-7, Importers' Dispute Resolution Process for Origin, Tariff Classification, and Value for Duty of Imported Goods This memorandum explains the dispute resolution process for importers who disagree with the Agency’s determination, re-determination, or further re-determination of…

9 October 2008 D1-3-1, Fees for Information and Records This memorandum has been revised in accordance with the Paper Burden Reduction Initiative. This memorandum outlines the conditions and the fees for providing information, allowing inspection or access to records, or making or certifying copies…

9 October 2008 Update to CFIA AIRS website a) Chapter 05 was published to create new requirements for the following HS codes for all countries with a new end use: To be fed to sled dogs for competitions taking place north of the 60th parallel. 05.11.99.1297 Whole carcass or body parts, unpreserved…

9 October 2008 Process: Commodity verification/scanning due to the current melamine issue The following notice is from CFIA’s Import Systems Unit. It appears there is some confusion regarding the importation of those products suspected to be associated with the current issue with melamine. In an…

9 October 2008 Process: Commodity verification/scanning due to the current melamine issue The following notice is from CFIA’s Import Systems Unit. It appears there is some confusion regarding the importation of those products suspected to be associated with the current issue with melamine. In an…

9 October 2008 Memorandum 3.3.1, Drop Shipments (GST/HST) This memorandum explains the “drop-shipment” rules under the Excise Tax Act governing transactions involving the transfer of goods by a registrant in Canada to another person in Canada on behalf of an unregistered non-resident for purposes of…

9 October 2008 New study shows public in favour of globalization The following is excerpted from the 8 October 2008 edition of the “Canadian Transportation & Logistics”. More than half of Canadians believe the opening of borders and the shrinking of the world into a global village has positively…