Budget 2013 proposes changes to Canada’s General Preferential Tariff (GPT) regime under the Customs Tariff.
The Department of Finance consulted extensively with stakeholders in preparing this measure, including through the publication of a notice in the Canada Gazette on December 22, 2012. As announced in the Canada Gazette notice, the Government will withdraw GPT eligibility from 72 higher-income and export-competitive countries, including all G-20 countries.
Among those countries subject to GPT withdrawal, we have Brazil, China, Hong Kong, India, Indonesia, Malaysia, Thailand, Turkey and numerous others.
The changes to the GPT, to be given effect by amendments to the Customs Tariff and related regulations, are effective in respect of goods imported into Canada on or after January 1, 2015, and will be extended for ten years, until December 31, 2024.
Axxess International can provide you with professional services in order to determine the impact of the GPT withdrawal on your commercial activities.
Clients interested by these changes proposed by Department of Finance can contact our Customs Consulting Service to obtain more information or assistance.
Marc Filion, CCS / CTCS
Director, Customs Consulting
Tel : 514-849-9377- Ext.2241
Email : firstname.lastname@example.org
Ronald Racine, CCS / CTCS / BAA Fin
Manager, Customs Services – Montreal
Tel : 514-849-9377- Ext.2233
Email : email@example.com< Return