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What are the advantages of the TPP Agreement for Alberta's exporters & importers.

2015-10-11

The questions from Customs brokers in the province of Alberta arise regrading the TPP (Trans-Pacific Partnership) Agreement, namely what are be the advantages for Alberta's importers and exporters with Canada concluding the Agreement.

Here are some of the main points:

- Alberta's manufactures will gain market access free of duty for the majority of industrial goods, comprising of metals, minerals, chemicals, plastics and industrial machinery;
- Alberta's farmers will get a duty-free...

CBSA K84 delivery process is changing.

2015-07-17

Each Customs broker has received a CBSA message with an application form that is for receiving daily and monthly K84 information through EDI from the Canada Customs.
Some Customs brokers are not interested in obtaining the K84 info electronically. If this is the case, they just need to ignore the message.
If a Customs broker at the moment gets K84 messages through EDI, or if they authorized, at some earlier time, the delivery of the K84 to a third company, the Customs broker still needs to...

Cheque Standardization Initiative from Government of Canada

2015-03-04

1. Public Works and Government Services Canada announced a cheque standardization initiative, which is aiming to minimize the number of cheque formats utilized by the Government to one standard format, starting on 28 of February 2015. The new standard cheque will have no stub.

2. The cheques are used by Canada Border Services Agency (Canada Customs) to issue refunds for B2 requests submitted by Customs brokers.

3. Before cheque stubs were used by the Government to show details of payment....

New CBSA Transfer Pricing Policy Creates Opportunities and Obligations for Importers

2015-01-22

Transfer pricing has been a favorite Canada Border Services Agency (CBSA) enforcement target for some time now. Payments made by importers because of income tax transfer pricing requirements can trigger obligations and liabilities under Canadian customs laws. This arises, for example, when CBSA seeks to assess duties and taxes on upward transfer pricing adjustments and even on the payment of management and administration fees to related parties, claiming that these amounts should be properly...

Canada Strengthens Cooperation with Israel

2015-01-19

Foreign Affairs Minister John Baird and Avigdor Lieberman, Israel's Minister of Foreign Affairs, today met in Jerusalem, where they reaffirmed the importance of the Canada-Israel relationship and committed to strengthening cooperation even further. The meeting comes one year after Prime Minister Stephen Harper made a historic visit to Israel and witnessed the signing of a Canada-Israel Strategic Partnership Memorandum of Understanding.

"The first anniversary of the signing of the strategic...

New US-Cuba travel and trade rules come into effect

2015-01-16

New travel and trade rules between the US and Cuba have come into effect in the biggest policy shift between the two countries in more than 50 years.

Measures include allowing US citizens to use credit cards in Cuba and for US businesses to export some technologies.

Americans will be able to take home up to $100 in alcohol and tobacco from Cuba.

The move implements last month's agreement to re-establish ties severed since 1961.

Although the latest moves put a large dent in the US trade...

Canada-South Korea free-trade deal shows small gains for both sides: report

2015-01-09

Overall, the research concludes the deal will show small and comparable gains for both sides. Canada will get an additional $3.1-billion in gross domestic product in contrast to $2.3-billion for South Korea. However, South Korea will do slightly better than Canada when the effect is measured as a percentage of GDP, according to the institute.

The report projects production will decline by $114-million for auto makers in Canada because cheaper imports will be available from South Korea, which...

Canada's 'COOL' ties with the U.S.

2015-01-03

More often than not, the United States gets what it wants.

As one of the most powerful nations on the planet, and one of the world's largest economies, our neighbours to the south seem to have the power to choose the laws they wish to obey, and in the case of international trade, it causes smaller countries a high level of frustration.

Such is the case with Canada and its largest trading partner, as our battle against the U.S.'s Country of Origin Labelling scheme (COOL) continues with...

Pacific trade pact chances 'significantly' better than 50-50: Obama

2014-12-11

Chances that U.S. negotiators can bring home a strong trade deal with Asia-Pacific countries are now much better than 50-50, U.S. President Barack Obama said on Thursday.

Obama said he was also confident the administration could make a "strong case" in Congress for a Trans-Pacific Partnership deal covering nearly 40 percent of the world economy.

"I'm much more optimistic about us being able to close out an agreement with our TPP partners than I was last year," he said at a meeting of the...

Canada and Israel Begin Third Round of Trade Expansion Talks

2014-12-09

Foreign Affairs, Trade and Development Canada 2014-12-09

The Honourable Ed Fast, Minister of International Trade, today announced the start of the third round of negotiations to expand and modernize the Canada-Israel Free Trade Agreement (CIFTA). The negotiations are taking place in Jerusalem from December 7 to 11, 2014, and will cover a range of issues.

An expanded and modernized agreement will support Canadian businesses and investors, deepen trade and investment linkages and further...

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