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

Free-Trade Deal Between Canada and South Korea Raises Red Flags About TPP

Figures related to Canada’s 2015 trade numbers were published in early February by Statistics Canada: imports are up while exports are going through a gloomier period. As non-energy exports are showing a promising growth, the numbers don’t cancel out the reduced energy exports in addition to the loss of 0.6 per cent in total merchandise exports. But on the other side, imports have gone up 4.5 per cent, creating what experts are now calling th...

TPP Signed But Not a Done Deal, Yet

The Trans-Pacific Partnership may have been signed by its 12 members last Thursday February 4th but it’s not yet a done deal. As representatives of the partner nations were all smiles for the cameras in New Zealand during the formal signing of one of the world’s largest multinational trade deals, tough negotiations are still ahead on what promises to be a bumpy road towards ratification. New Zealand’s Prime Minister, John Key, qualified ...

Canadian Aboriginal Free Trade Proposal

In a concerted effort to improve the nation-to-nation relationship between the federal government and the Aboriginal Canadians, the government will be offering an impressive investment of $500 million dollars for the First Nation education infrastructure as well as equitable funding for family and child services and will eliminate the two percent funding cap for the First Nations programs. Doug George-Kanentiio, an Akwesasne Mohawk journalist,...

Opportunities for Alberta due to Free Trade Zones

Recent changes have given the opportunity to Alberta manufacturers and retailers. Two new free trade zones (FTZ) have been designated for factories and distribution centers, allowing improvements in cash flow. By avoiding taxes in a few different ways, Edmonton and Calgary manufacturers will be able to improve cash flow. The changes will allow manufacturers to put off paying any taxes on imported inputs before the manufacturing process has starte...

General Preferential Tariff to expire Jan. 1st, 2015

72 trade-competitive countries will loose their eligibility for General Preferential Tariff, or GPT, come January 1st, 2015. Of these 72 countries, 20 of them have preferred tariff through other trade agreements. All goods originating from these 72 countries will be affected.   Countries loosing GPT status Algeria American Samoa Antigua & Barbuda Antilles, Netherlands Argentina Azerbaijan Bahamas Bahrain Barbados ...