Glossary

Looking for a term or acronym you're not familiar with? Find it in this glossary! If there is a term we're missing, let us know at [email protected].
A (35) | B (15) | C (82) | D (24) | E (30) | F (44) | G (10) | H (7) | I (21) | K (1) | L (12) | M (11) | N (16) | O (6) | P (25) | Q (4) | R (27) | S (29) | T (19) | U (7) | V (7) | W (7) | Z (1)

 

Term
 		Definition
Undertaking

An undertaking is a potential alternative to a full investigation by the Canada Border Services Agency (CBSA) and the Canadian International Trade Tribunal (CITT). It involves a commitment by exporters of dumped goods or foreign governments to change their pricing or subsidizing practices in order to eliminate injury to Canadian industry. Undertakings provide a faster and less costly solution than the investigative process by CBSA and the CITT. There is no need to collect provisional duties when an undertaking is in effect.
Undervaluation

An undervaluation is a contravention of section 32 of the Customs Act where goods are declared at a false value to the Canada Border Services Agency (CBSA) to evade lawfully payable duties.
United Nations

The United Nations (UN) is an international organization of independent states based in New York City. It was established in 1945 when the representatives of 50 countries met in San Francisco to draw up a United Nations Charter. The UN advocates respect for human rights, protection of the environment and fights against disease and poverty. It also promotes international peace, security and cooperation.
United Nations Security Council

The United Nations Security Council is responsible for maintaining international peace and security. When complaints of threats to peace are brought to the attention of the council, and an agreement for peace does not seem possible, the council will suggest means to a peaceful settlement. If a dispute leads to fighting, the council can issue cease-fire directives, send UN peacekeeping forces, or decide upon economic sanctions.
United States Tariff (UST)

The United States Tariff (UST) is a preferential tariff treatment extended to goods that originate in the United States and that satisfy the Canada US Mexico Agreement (CUSMA) rules of origin.
US Export Licence

A US Export Licence is an official document issued by the US Commerce Department authorizing the export of specific commodities to a specific country within a specified time period.
Used Goods

Used goods refers to imported goods that have been entered into commerce. In order to qualify under the Obsolete or Surplus Goods Program, the imported goods must not have been used and must be in the exact same physical state from the time of entry to the time of destruction. Retail and wholesale items remaining in inventory that have not been sold at the consumer level may qualify. Used goods that do not qualify as obsolete or surplus, include rentals and customer- returned items, as those goods have been entered into commerce. The only usage permitted under the Obsolete or Surplus Goods Program is the manufacture of products from imported raw materials.
Displaying 1 - 7 of 7
CSV