Sao Tome and Principe graduates from UN least developed country status
In mid-December Sao Tome and Principe exited the least developed countries (LDC) category established by the United Nations (UN) General Assembly.
WTO goods barometer shows moderate global trade growth
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer, global goods trade continued to expand at a moderate pace in the fourth quarter of 2024.
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
Federal court rules CFIA doe no have to compensate producers’ losses for restricting imports of honey bees
The Federal Court of Canada issued it’s decision in a national class action lawsuit regarding the importation of honey bee packages from the United States.
Reminder: Modifications to GPT, LDCT, and CCCT preferential tariffs to be implemented in 2025
Canada maintains non-reciprocal tariff preference programs for goods imported from developing countries under the Customs Tariff, including the General Preferential Tariff (GPT) and Least Developed Country Tariff (LDCT), the new General Preferential Tariff Plus (GPTP) and the Commonwealth Caribbean Country Tariff (CCCT).
CBSA is initiating an investigation into concerns regarding dumping of certain corrosion-resistant steel sheet from Türkiye
The Canada Border Services Agency (CBSA) announced that it is initiating an investigation to determine whether corrosion-resistant steel sheet originating in or exported from Türkiye by Borçelik Çelik Sanayi Ticaret A.S. (Borçelik) is being sold at unfair prices in Canada. This practice can harm Canadian industries by undercutting Canadian prices, which undermines fair competition.
Consultations on a potential Canada-Philippines free trade agreement
On December 5, 2024, Canada and the Philippines announced the launch of exploratory discussions for a potential bilateral free trade agreement (FTA).
Goods and Services Tax/Harmonized Sales Tax break on certain imported items
The Government of Canada announced plans to provide a Goods and Services Tax/Harmonized Sales Tax (GST/HST) tax break on certain items beginning December 14, 2024, and ending February 15, 2025.
GST/HST Holiday Tax Break for Canadian Families
The Government of Canada has proposed introducing a new GST/HST holiday tax break. This initiative provides a temporary tax exemption on certain essential items, such as diapers, children’s clothing, and feminine hygiene products. Imported goods would qualify for temporary GST/HST relief as long as they meet the other qualifying conditions. The tax relief would be […]
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
