Surtax remission process for Canadian businesses importing certain Chinese goods
The federal government launched the process for Canadian businesses to request remission of surtaxes on electric vehicles (EVs) and steel and aluminum imported from China. Remission would also be available for potential surtaxes on critical manufacturing sector products. To ensure that Canadian industry has sufficient time to adjust supply chains, remission will provide relief from […]
CBSA’s new CARM system is now in operation
On Monday October 21, 2024 the Canada Border Services Agency (CBSA) officially launched externally the CBSA Assessment and Revenue Management (CARM) system, which is now the official system to use to assess and pay duties and taxes on imported goods.
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.
CBSA finds dumping would resume if duties expired on unitized wall modules from China
On May 13, 2024, the Canadian International Trade Tribunal (CITT) initiated an expiry review of its order made in July 2019 concerning the dumping and subsidizing of certain unitized wall modules originating in or exported from China.
Global maritime piracy and crime incidents at lowest level since 1994
In the first nine months of 2024, reported incidents of piracy and armed robbery fell to the lowest levels since 1994, according to the latest report by the ICC International Maritime Bureau (IMB). Despite the lowest reported incidents in three decades, IMB and its Piracy Reporting Centre warns that crew safety remains at risk.
WTO says global trade in goods is on track for a gradual recovery
Economists from the World Trade Organization (WTO) forecast that global goods trade will be up 2.7% in 2024, up slightly from the previous estimate of 2.6%.
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.
Tribunal initiates review of expiry of duties on carbon steel plate from Bulgaria, Czechia and Romania
The Canadian International Trade Tribunal initiated an expiry review of its order made in October 2019 to determine if the expiry of the order is likely to lead to continued or resumed dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate from the Republic of Bulgaria, the Czech Republic and Romania and is […]
Dumping of wire rod from China, Egypt and Vietnam injures Canadian industry according to CITT
The Canadian International Trade Tribunal (CITT) found that the dumping of certain wire rod, originating in or exported from People’s Republic of China, the Arab Republic of Egypt and the Socialist Republic of Vietnam, has caused injury to the domestic industry.
Global air cargo records a ninth straight month of double-digit growth in August
According to data for the month of August released by the International Air Transport Association (IATA) the global air cargo markets were continuing their strong annual growth in demand.