EDI: Electronic Data Interchange
EDI (electronic data interchange) is the electronic exchange of business data in a standardized format between trading partners and with customs agencies. It replaces paper-based document exchanges of the past and offers the benefits of lower costs, increased transaction speed, improved accuracy, and smoother.
Importing a Vehicle from the U.S. into Canada
But what’s involved in importing, and how do you know for sure whether the car you’re considering will be allowed across the border? Will that “great deal” still be as good once you factor in all the duties, taxes and other fees to get it here?
Duty relief: Don’t miss a chance to save
What is duty? Duty is a tax paid to the customs authority of the country into which goods are being imported. The amount of duty is usually calculated based on the value of the goods – but can also vary depending on other factors such as quotas, timing, quantity and country of origin.
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.
What exactly does a freight forwarder do… and do I need one?
Importing and exporting are key activities for many businesses. But the process, paperwork, and regulations involved in international trade can be very complex – intimidating, even. Many successful international shippers avoid getting bogged down in these logistics by working with a freight forwarder.
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.
Customs audits and compliance
Customs verifications (a.k.a. audits) are serious matters, and their impact on a business can be significant. You never know if or when Customs will come calling, but you can conduct your business to be prepared to weather an audit with minimal disruption.
So, there’s NAFTA… But what other free trade agreements are out there?
*USMCA/CUSMA replaced NAFTA on July 1st, 2020. Read More... We all know about NAFTA… It’s undergoing its own renegotiation at this very moment, and the trade community needs to continue to keep an eye on what’s happening with NAFTA.
Scrap metal recycling – business opportunities await
Scrap metal recycling involves the recovery of metal scrap from the manufacturing industries and from metal products that have reached the end of their useful life. The scrap metal industry is an important and well-established one that offers both environmental benefits – diverting many tons of material from landfills.
Shipping and Freight Rates
Have you ever priced out the cost of shipping your goods and widely different quotes or received quotes that fluctuate from one week to the next. What’s going on?
