SWI – the Single Window Initiative Update
The Single Window Initiative (SWI) is a federal government process for collecting information on imports into Canada. Rather than submitting information individually to different government agencies, as in the past, the single window initiative allows importers to provide all required information on imported goods in.
Classifying goods for trade – What’s the deal?
Proper tariff classification is the foundation of import and export trade compliance. The Harmonized Commodity Description and Coding System (usually shortened to Harmonized System, or just HS) is the internationally standardized system of classifying traded products. It is applied by over 180 countries and.
Comprehensive and Progressive Trans-Pacific Partnership – update
The Trans-Pacific Partnership, the ambitious trade agreement that nearly happened, was to encompass 12 nations spanning four continents and 800 million people. But when U.S. President Trump pulled that country out of negotiations early last year, the 11 remaining members carried on, eventually forging the.
Understanding Customs Compliance
Customs compliance… It sounds important, doesn’t it? Well, it sure is! You’ve certainly heard of customs compliance, but do you fully understand what’s involved?
The Difference Explained: Part 2
Quota vs. duty The words quota and duty are thrown around a lot when we’re talking about a country’s trade, economy and GDP – and the two are related in that they serve to control the impact on a country of importing goods. …but let’s delve a little deeper.
How to avoid delays at the border
Are your goods getting stuck at the border, and you’re wondering why? Delays at the border can be frustrating, stressful and costly – and they’re also avoidable!
The Difference Explained…
Tariff vs. duty The words tariff and duty are often used interchangeably, but there is a difference in their meaning and usage. In essence: When a government and the economy are mentioned, the word tariff is more commonly used; when the rates and the amount paid or owing are discussed, the word duty is more commonly.
The Importance of Correct Tariff Classification: Get it Right the First Time
Importers have an obligation to correctly classify their goods for tariff classification, and to understand the potential ramifications of incorrect tariff classification.
