General Preferential tariff expiring January 1st

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

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
  • Bermuda
  • Bosnia & Herzegovina
  • Botswana
  • Brazil
  • Brunei
  • Cayman Islands
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Croatia
  • Cuba
  • Dominica
  • Dominican Republic
  • Ecuador
  • Equatorial Guinea
  • French Polynesia
  • Gabon
  • Gibraltar
  • Grenada
  • Guam
  • Hong Kong
  • India
  • Indonesia
  • Iran
  • Israel
  • Jamaica
  • Jordan
  • Kazakhstan
  • Kuwait
  • Lebanon
  • Macao
  • Macedonia
  • Malaysia
  • Maldives
  • Mariana Islands
  • Mauritius
  • Mexico
  • Namibia
  • New Caledonia & Dependencies
  • Oman
  • Palau
  • Panama
  • Peru
  • Qatar
  • Russia
  • Saint Kitts & Nevis
  • Saint Lucia
  • Saint Vincent & The Grenadines
  • Seychelles
  • Singapore
  • South Africa
  • South Korea
  • Suriname
  • Thailand
  • Trinidad & Tobago
  • Tunisia
  • Turkey
  • Turks & Caicos Islands
  • United Arab Emirates
  • Uruguay
  • Venezuela
  • Virgin Islands, USA

If you currently import goods from any of the above mentioned countries, the withdrawal of GPT status may increase the amount of duties payable upon import to Canada. Clearit.ca highly recommends taking advantage of these last few weeks with GPT in effect to leverage any savings under the current regulations. Any goods that were in transit prior to January 1st, will not be affected, but must be accounted for on the b3-3 in the following manner:

  • (a) in field No. 14, “Tariff Treatment”, enter the Most-Favoured-Nation (MFN) tariff treatment “02”;
  • (b) in field No. 26, “Special Authority”, enter P.C. 13-0967;
  • (c) in field No. 33, “Rate of Customs Duty”, enter the MFN rate of duty; and
  • (d) in field No. 38 “Customs Duties”, enter the duty owing, calculated based on the GPT rate in effect prior to January 1, 2015.

 

flags GPT

 

 

For more information on the Withdrawal of GPT, please contact one of our Live Customs Specialists.