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.
Canada’s merchandise trade surplus reaches $1.4 billion in February
Statistics Canada reported a significant growth in Canada’s merchandise exports and imports in February. Exports increased 5.8%, while imports rose 4.6%.
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.
UN’s global trade update shows encouraging signs despite persistent challenges
After facing declines over several quarters, international trade is poised for a rebound in 2024, according to the latest Global Trade Update from the United Nations Conference on Trade and Development (UNCTAD).
Canada contributes funding to WTO to boost safe food exports from developing economies
The Government of Canada is contributing CAD 250,000 to the World Trade Organization’s (WTO) Standards and Trade Development Facility (STDF) to help developing economies and least developed countries (LDCs) meet international food safety, animal and plant health standards for trade.
Changes to excise duty rate increases on certain products on April 1, 2024
On March 9, 2024, the Minister of Finance announced that the federal government is proposing to cap the inflation adjustment for excise duty rates on beer, spirits and wine at 2% for 2 additional years and to cut by half the excise duty rates on the first 15,000 hectolitres of beer brewed in Canada for […]
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. Government of Canada: United Kingdom: Certification of sawn coniferous wood under D-13-01 and D-07-02
First meeting of trade ministers of the Americas Partnership for Economic Prosperity
The Government of Canada announced it’s participation in the first meeting of the Trade Ministers of the Americas Partnership for Economic Prosperity (APEP).
CBSA finds dumping would resume if duties expired on sucker rods from China
On October 16, 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 sucker rods originating in or exported from China.