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 cold-rolled steel from China, Korea, and Vietnam
On November 14, 2023, the Canadian International Trade Tribunal (CITT) initiated an expiry review of its finding made in December 2018 concerning the dumping and subsidizing of certain cold-rolled steel originating in or exported from China, South Korea and Vietnam.
New CBSA Market Watch Unit will monitor and update trade remedy measures
In the Federal Budget 2024 published this week the Canadian Government announced it proposes to provide $10.5 million over three years, starting in 2024-25, for the Canada Border Services Agency (CBSA) to create a dedicated Market Watch Unit.
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.
U.S. reports increase in imports and exports in February
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the country’s goods and services deficit was $68.9 billion in February, up $1.3 billion from $67.6 billion in January.
Global trade in goods is expected to pick up gradually this year
According to latest “Global Trade Outlook and Statistics” report from the World Trade Organization global merchandise trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation.
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 extends reinvestigation of values of carbon steel fasteners from China and Chinese Taipei
The Canada Border Services Agency (CBSA) announced that it needed more time to complete the re-investigation to update the normal values and export prices of certain carbon steel fasteners originating in or exported from the People’s Republic of China (China) and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and the […]
Global air cargo demand still in double-digit growth in February
According to data for the month of February released by the International Air Transport Association (IATA) global air cargo demand rose by 11.9% compared to February 2023 levels (12.4% for international operations). This is the third consecutive month of double-digit year-on-year demand growth.
CBSA and U.S. CBP announce an increase in NEXUS application fee
The Canada Border Services Agency (CBSA) and U.S. Customs and Border Protection (CBP) announced an increase in the NEXUS program application fee, from US$50 to US$120 effective October 1, 2024, subject to approval of regulatory amendments in the United States and Canada.
