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 maintains injury finding on steel line pipe from South Korea
The Canadian International Trade Tribunal announced that it continued its finding made in January 2018 concerning the dumping of carbon and alloy steel line pipe from the Republic of Korea.
Canada officially launches challenge on revised U.S. softwood lumber duties
The Government of Canada announced it filed notices challenging, under Chapter 10 of the Canada-United States-Mexico Agreement (CUSMA), the final results of the U.S. Department of Commerce’s fourth administrative reviews of its anti-dumping and countervailing duty orders on softwood lumber from Canada.
Global air cargo demand strengthens despite challenges
According to data for the month of July released by the International Air Transport Association (IATA) global air cargo markets are showing a continuing trend of recovering growth rates since February.
Canada’s trade deficit narrows to $987 million in July
Statistics Canada announced that the country’s merchandise imports decreased 5.4% in July, while exports were up 0.7%.
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.
CBAM: Commission publishes detailed reporting obligations and guidance as the transitional phase approaches
This August, the European Commission published the detailed rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase. The transitional phase starts on 1 October of this year and runs until the end of 2025, before the definitive CBAM comes into force in 2026.
Canadian railways’ total freight volume dropped 6.9% in June
Statistics Canada reports that Canadian railways transported 28.3 million tonnes of freight in June, down 6.9% from June 2022 and the second consecutive month of year-over-year decline. Overall traffic was at its lowest level for the month of June in more than five years.
Latest WTO goods barometer signals upturn in global trade
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer, global goods trade showed signs of a turnaround in the second quarter of 2023, driven by strong automobile production and sales, but further upward momentum in Q3 and beyond may be limited as long as export orders remain weak.
Canada will participate in U.S.-Mexico CUSMA dispute proceedings on biotech corn
The Government of Canada announced it will participate as a third party in the dispute settlement proceedings initiated by the United States under the Canada-United States-Mexico Agreement (CUSMA) regarding the use of genetically engineered corn in tortillas and dough.
