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Clearit.ca's Blog on Customs Brokerage and News Updates

Avoiding Brexit Cliff-Edge: Canada in Seduce Mode with U.K.

When Canada first entered talks with the European Union to build what would become the Comprehensive Economic and Trade Agreement (CETA), the U.K. was still at the table, it was a pre-Brexit era. Times have changed and unless you’ve been hiding under a rock for the past few months, you’ll know that Brexit is now a reality that has shaken up the EU. Canada, keeping CETA in mind, wants to avoid becoming an indirect casualty for the U.K’s depa...

Tough Talk, Big Changes Ahead in NAFTA Talks

It’s well known that President Trump isn’t a big fan of the North American Free Trade Agreement. Renegotiating the agreement – or breaking it – was a key element in Trump’s electoral campaign and now, with the power of the U.S. economy in his hands, the President is now in a position to dictate the agenda. The most recent development is that NAFTA negotiations probably won’t start until late 2017, might last a year and will include se...

Canada-Euro Deal Moves Along

Canada received a nice Valentine’s Day gift as Euro parliament members voted in favor of the Comprehensive Economic and Trade Agreement (CETA) by a 408 to 254 vote. This now means that parts of the agreement that links Canada to the European Union, such as tariff reduction, will come into force eight years after the initial negotiations had started. The vote passed relatively well, considering the chaotic crowd of protesters gathered outside...

Canada Not in Trump’s Crosshairs says U.S. Economic Adviser

During a meeting held on Monday January 23rd in Calgary, Prime Minister Trudeau in town for a cabinet retreat, met with Stephen Schwarzman, chair of President Trump's Strategic and Policy Forum. M. Schwarzman is also the chief executive of the U.S. investment firm Blackstone Group and was appointed to head Trump's forum last December. The most recent move by President Trump to renegotiate the North American Free Trade Agreement (NAFTA), has th...

Hanjin’s Fall: From Korea’s Top Shipper to Near Bankruptcy

Once the world’s seventh-largest shipping company, Hanjin Shipping is on the fence and risks falling off the map – quite literally. Despite multiple efforts deployed in a grandiose fashion while under court receivership, the international shipper isn’t seeing the light at the end of the tunnel. Documents from the Seoul Central District Court, the body in charge of the court receivership, indicates that according to accounting firm Samil ...