Canada-European Union trade agreement turns six years old
The Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA) provisionally came into effect six years ago, on September 21, 2017.
Canadian railways’ July freight volume was down 5.1% from July 2022
Statistics Canada reports that Canadian railways transported 28.9 million tonnes of freight in July, down 5.1% from July 2022 levels, marking the third straight month of year-over-year decline.
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 steel oil and gas well casing from China
The Canadian International Trade Tribunal initiated an expiry review of its order made in November 2018 to determine if the expiry of the order is likely to lead to continued or resumed dumping or subsidizing of seamless carbon or alloy steel oil and gas well casing from China and is likely to result in injury […]
St. Lawrence Seaway cargo shipping shows continued resilience
The Chamber of Marine Commerce reports that shipping on the Canadian Great Lakes-Seaway corridor continues to show resilience and consistency in a year that began with economic uncertainty and ongoing disruptions in the global supply chain.
Global economy’s positive growth continues according to OECD report
According to the Organisation for Economic Co-operation and Development’s (OECD) latest Interim Economic Outlook the global economy was stronger than expected in the first half of 2023, but the growth outlook is weak, inflation is proving persistent and there are significant downside risks.
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.
Using the correct tariff classification: beyond duties and taxes
Beyond its usual function for determining the rate of duty on imported goods, tariff classification is a crucial component of several additional economic purposes.
CPTPP panel issues report on Canada’s administration of dairy tariff rate quotas
A dispute settlement panel established at the request of New Zealand under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) published its report last week on Canada’s administration of its tariff rate quotas (TRQs) on imports of dairy products.
CBSA concludes re-investigation of values of copper pipe fittings from the U.S., South Korea, and China
The Canada Border Services Agency (CBSA) announced it has concluded a re-investigation of the normal values and export prices respecting certain copper pipe fittings from the United States, South Korea, and China and amounts of subsidy of copper pipe fittings from China, in accordance with the Special Import Measures Act.