WTO goods barometer finds automobile and electronic sales are driving trade recovery
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer, the volume of global merchandise trade is recovering after its recent slump, with automobile sales and production and electronic components trade driving the recovery. However, mixed economic results coupled with increasing geopolitical tensions make the near-term outlook highly uncertain.
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.
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).
Tribunal maintains injury finding on copper pipe fittings from Vietnam
The Canadian International Trade Tribunal announced that it continued its finding made in May 2018 concerning the dumping and subsidizing of copper pipe fittings originating in or exported from the Socialist Republic of Vietnam.
Tribunal finds dumping/subsidizing of certain wind towers from China injure Canadian industry
The Canadian International Trade Tribunal found that the dumping and subsidizing of certain steel utility wind towers and sections thereof originating in or exported from China have caused injury to the domestic industry.
Canada implements stricter measures for elephant ivory and rhinoceros horn trade
Canada’s Minister of Environment and Climate Change, Steven Guilbeault, announced a stricter approach to trade for Canada that will further limit the ability to transport all elephant ivory and rhinoceros horn across Canadian borders.
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 expiry review of duties on cold-rolled steel from China, Korea and Vietnam
The Canadian International Trade Tribunal initiated an expiry review of its finding made in December 2018, to determine if the expiry of the finding is likely to lead to continued or resumed dumping or subsidizing of cold-rolled steel from the People’s Republic of China, the Republic of Korea and the Socialist Republic of Vietnam and […]
Electronic ATA temporary admission Carnet will replace paper version in 2027
The Administrative Committee for the Convention on Temporary Admission (Istanbul Convention) and Contracting Parties to the Customs Convention on the ATA Carnet for the Temporary Admission of Goods (ATA Convention) held a virtual joint meeting on November 2, 2023, attended by approximately 160 delegates representing more than 60 Contracting Parties and observers.
WTO report finds strong expansion of global value chains
According to a joint international report published this week by the World Trade Organization (WTO), global value chains (GVCs) continued to expand in 2022, as indicated by the growing share of foreign inputs in exports and the increasing participation rates of economies worldwide.
