The worldwide supply chain is constantly changing. This year, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest news in freight forwarding, so we can keep you abreast of the situation.
CARM went live on May 25, 2021 with the program’s first release.
Getting the Rules Of Origin correct is one of the key aspects to successfully importing under the new USMCA/CUSMA trade agreement--and to receive preferential treatment.
Canada Border Services Agency prioritizes certain industries and products for audits to ensure ongoing compliance. The Agency keeps their verification priority list current on their website. Cole’s Audit Response Team also keeps track of trends we see in CBSA verifications, which we share with you regularly so you can feel secure about your customs compliance.
Although documentation and declaration are fundamentals for importers, the requirements are anything but simple.
Canada partners with the international trade community through several types of trade and investment agreements.
UPDATE: We have received news that the date for CARM Release 1 go-live is May 25, 2021, barring any unforeseen delays.
Drawbacks and duty deferral
In Canada, duty deferral is a CBSA program offering relief to Canadian businesses from payment of duties on imported goods that meet certain criteria. Duty deferral comprises of three options, one of those options is the Duty Drawback Program.
The new SWI landscape
The Single Window Initiative means several changes for importers:
One of the most sweeping global shifts since early 2020 has been the rise of the Work From Home (WFH) movement. Importers, logistics professionals, and border agencies alike are working from home offices or kitchen tables--many of us surrounded by family pets and remote-schooling children.