Global air cargo demand was up 14.7 percent in May
According to data for the month of May released by the International Air Transport Association (IATA) global air cargo demand rose by 14.7% compared to May 2023 levels (15.5% for international operations). This is the sixth consecutive month of double-digit year-on-year growth.
The Canada Border Services Agency updates its verification priority targets
The Canada Border Services Agency (CBSA) posted on its website an updated page with the list of goods which are currently subject to its verification priorities.
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 finds dumping of concrete reinforcing bar from 3 countries injures Canadian industry
After conducting a preliminary injury inquiry the Canadian International Trade Tribunal (CITT) announced that it found a reasonable indication that the dumping of concrete reinforcing bar from the Republic of Bulgaria, the Kingdom of Thailand and the United Arab Emirates (UAE) has caused injury or is threatening to cause injury to the domestic industry.
Canada’s trade deficit increased to $1.9 billion in May
Statistics Canada reports that the country’s merchandise exports decreased 2.6% in May, while imports were down 1.6%. As a result, Canada’s merchandise trade deficit with the world widened from $1.3 billion in April to $1.9 billion in May. This represents a third consecutive monthly deficit.
The modernized Canada-Ukraine Free Trade Agreement enters into force
The modernized Canada-Ukraine Free Trade Agreement officially entered into force on July 1st.
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 finds dumping and subsidizing of pea protein from China injures Canadian industry
After conducting a preliminary injury inquiry the Canadian International Trade Tribunal (CITT) announced that it found a reasonable indication that the dumping and subsidizing of pea protein from the People’s Republic of China have caused injury or are threatening to cause injury to the domestic industry.
Canada launches consultation about possible surtax on imports of electric vehicles from China
The Government of Canada announced that on July 2, 2024, it will launch a 30-day consultation on potential policy responses to imports of electric vehicles (EV) from China.
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.
