New Tariff. New Rulings.
The Harmonized Commodity Description and Coding System (HS) is the internationally recognized system for coding and describing products for trade. The HS was developed and is maintained by the World Customs Organization (WCO).
Update: CETA receives Royal Assent – Bill C-30 is now law
On May 16th, the proposed legislation to implement the Canada-EU Comprehensive and Economic Trade Agreement (CETA) was granted Royal Assentby the Governor General of Canada.
Do you import food into the U.S.? New food safety requirements for importers
On May 30, the Foreign Supplier Verification Program (FSVP) rule will come into effect, and will apply to most importers of food into the U.S.
What’s the auditor cooking?
The Canadian Border Services Agency (CBSA) undertakes trade compliance verifications (audits) to ensure their requirements are being met and the correct duty collected. Audits are conducted both randomly and by identifying goods of interest through targeted verifications.
Shipping container industry update – uncertainties persist
Challenging times continue for the container shipping industry, seven months after it was rocked by the sudden bankruptcy of South Korean shipping giant Hanjin. Following Hanjin’s collapse last summer, shippers and forwarders have been increasingly concerned about the reliability of the carriers they use.
Freight-forwarder or online booking? Weigh your options carefully.
Shipping industry crunch Times are tough for the container shipping industry: companies are facing their worst ever downturn as a result of an oversupply of ships and weakened global demand. As a result, firms are looking for more and more ways to cut costs.
Increased possibility of high duties: How SIMA can affect your import costs
What is SIMA? One of the functions of the Canada Border Services Agency (CBSA) is to help protect Canadian producers from unfair foreign competition. In this spirit, the Special Import Measures Act (SIMA) helps protect Canadian industry from the unfair subsidizing and dumping of imported goods. CBSA and the Canadian.
Shipping congestion in China – It might affect you
The world’s busiest shipping port in Shanghai, China is experiencing severe congestion in recent weeks. High volume, weather and industry realignment are causing delays affecting numerous companies worldwide.
Cargo Insurance: Is it worth it?
In light of the unfolding Hanjin bankruptcy saga, shippers are more concerned than ever about protecting themselves against potential risks to their goods along the supply chain. You may be asking: Is it worth it to get cargo insurance? What does cargo insurance protect me against?
Softwood lumber exports slapped with new duties
An investigation by the U.S. Commerce Department concluded this week that Canadian softwood lumber is unfairly subsidized. As a result, the U.S. will levy countervailing duties of up to 24 per cent on Canadian lumber exports starting this week.