World trade volume remained stable in the third quarter of 2025
The World Trade Organization (WTO) reports that the volume of world merchandise trade plateaued at a high level in the third quarter of 2025 following a strong first-half expansion driven by import frontloading, favourable macroeconomic conditions and rising demand for AI-related products.
Canada’s merchandise trade deficit rises to $2.2 billion in November
Statistics Canada announced that Canada’s merchandise exports fell 2.8% in November, while imports edged down 0.1%. As a result, Canada’s merchandise trade deficit with the world widened from $395 million in October to $2.2 billion in November.
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 investigation on dumping and subsidizing of truck bodies from China
The Canada Border Services Agency (CBSA) announced it has extended the preliminary phase of the investigation respecting the alleged injurious dumping and subsidizing of truck bodies originating in or exported from the People’s Republic of China.
Canada and China reach an agreement on trade in agri-food, electric cars and energy
Prime Minister, Mark Carney, visited Beijing, China, last week. In Beijing the Prime Minister met with the President of China, Xi Jinping, the Premier of China, Li Qiang, and the Chairman of the Standing Committee of the National People’s Congress of China, Zhao Leji.
WCO publishes official Harmonized System changes to take effect in January 2028
The World Customs Organization (WCO) posted on its website the official version of changes to the Harmonized System (HS) nomenclature which will enter into force on January 1, 2028.
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 issues final determination of injury on steel strapping from several countries
The Canadian International Trade Tribunal announced it found that the volumes of dumping of steel strapping, originating in or exported from South Korea and Vietnam, were negligible, as this word is defined in the Special Import Measures Act. Therefore, the Tribunal terminated its inquiry regarding the dumping of the above-mentioned goods originating in or exported […]
Global air cargo demand retains momentum, rising 5.5% in November
According to data for October released by the International Air Transport Association (IATA) global air freight demand, measured in cargo tonne-kilometers (CTK), rose by 5.5% compared to November 2024 levels (+6.9% for international operations).
Statistics Canada reports a merchandise trade deficit of $583 million in October
Statistics Canada announced that Canada’s merchandise imports increased 3.4% in October, while exports were up 2.1%. As a result, Canada’s merchandise trade balance with the world went from a small surplus of $243 million in September to a deficit of $583 million in October.