Canadian Customs Broker Blog | Clearit.ca

Canada’s Free Trade Agreements: The Run-Down

What is Canada’s stance on free trade? As Canada’s total trade is worth approximately two-thirds of its GDP, the nation is typically described as a “trading nation” or “export-oriented economy”. 75% of that total trade is done within countries that are a part of active Free Trade Agreements with Canada. Today, Canada has 13 free trade agreements in force with various countries. By far, Canada’s most beneficial agreement i...

How you can use TPL to your advantage – Tariff Preference Levels

So, what is TPL exactly? TPL or Tariff Preference Levels are preferential quotas outlined in NAFTA. As it stands, the NAFTA Rules of Origin only allow apparel made in North America and Mexico from fabrics made in the prior-mentioned territories to qualify for free tariffs. Goods that are TPL-eligible are goods that do not meet the requirements for these Rules of Origin. However, these goods can still get the same tariff treatment (up to...

How does CETA benefit Canada?

The Canada and European Union Comprehensive Economic and Trade Agreement (CETA) sets new standards for the trade of goods and services and investment. CETA opens up new markets in the European Union for Canadian businesses and creates significant advantages for all Canadians. For context, the EU is Canada’s second largest trading partner (the first being the US), and the world’s second-largest economy. Needless to say, the agreement ea...

Not sure if you should work with a customs broker?

There’s no doubt that a central part of running a business is being as efficient as possible. In terms of being a business which requires you to import goods, working with a broker is a key part of optimizing your process. Business owners have to be specialists in many different things, it’s often the case that it is not worth the time spent figuring out the nuances of international trade. Sometimes, it’s best to leave this to the exper...

Not sure what’s going on with CETA? Here’s our breakdown.

  What is CETA? The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the European Union, enacted in September 2017. Fundamentally, CETA is a progressive trade agreement, with some of the strongest commitments ever seen in a trade deal. These commitments range from promoting labor rights, to environmental preservation. In fact, the obligations in the deal are binding. Driving trad...