New food safety regulations inch closer to reality
The new Safe Food for Canadians Act and Regulations (SFCR) will come into effect in just a couple months. Anyone importing, exporting or handling food should understand how they will affect their business and take steps now to be prepared for the January 15th implementation date.
A new "NAFTA"... The USMCA
After more than a year of intense meetings and negotiations, Canada, the U.S. and Mexico have tentatively settled on a trade deal to replace NAFTA. In the final round of meetings that concluded at the end of September, the United States-Mexico-Canada Agreement (USMCA) was unveiled, sporting changes in the following.
U.S. Steel and Aluminum Surtax
As many Canadian importers know, Canada applies a surtax to many goods of U.S. origin that were previously duty-free, including steel and aluminum. This was done as a countermeasure to the U.S. adding tariffs on many Canadian products in 2018.
Canadian Customs Bonds
If you are involved in the import, export, manufacturing, sales or distribution of goods in Canada, you may need a Canadian customs bond in order to move your goods across the border.
Anticipated Freight Rate Increase
Shipping rates change for all kinds of reasons – and fast. Sometimes, it’s almost instant, going up or down overnight, from one shipment to the next.
7 fun facts you didn't know about the shipping industry
Shipping is a global industry that has influenced our society since ancient times... but that most people give little thought to. It hardly seems fair to take it for granted, though, given the indispensable role it plays in our lives.
U.S. Customs bonds: Insufficient bond notices are on the rise
When importing commercial merchandise into the U.S. worth more than $2,500, the importer must post a U.S. customs bond. A customs bond is a contractual agreement between U.S. Customs and Border Protection (CBP), the importer of record and a surety company. The bond serves as a promise to CBP that all duties, taxes and.
NAFTA update: September, 2018
*USMCA/CUSMA replaced NAFTA on July 1st, 2020. Read More... NAFTA is again in the news as the three parties – Canada, Mexico and the U.S. – have wrapped up a series of meetings and a new agreement could finally be in sight. But only maybe. Background information on this important agreement and some of the earlier.
off·shor·ing
/äfˈSHôriNG/ noun the practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs. In today’s fast-paced and ultra-connected world, many companies are offshoring aspects of their business to cut costs. This is all fine and good when those savings are passed on to you,.
