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

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 ...

Mutual recognition arrangement for customs programs in the works with Israel

Canada and Israel will soon begin negotiations on a Mutual Recognition Arrangement (MRA) between the Canada Border Services Agency (CBSA)'s Partners in Protection (PIP) program and the Israel Tax Authority's Authorized Economic Operator program. The voluntary programs both aim to facilitate international trade while maintaining border security through certification of qualifying businesses which then become eligible for benefits such as stream...