{"id":1618,"date":"2013-10-24T15:21:30","date_gmt":"2013-10-24T15:21:30","guid":{"rendered":"http:\/\/www.clearit.ca\/?p=1618"},"modified":"2014-03-31T09:10:42","modified_gmt":"2014-03-31T13:10:42","slug":"canada-customs-gpt-to-end","status":"publish","type":"post","link":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/canada-customs-gpt-to-end\/","title":{"rendered":"Canada Customs: General Preferential Tariff to end in 2014"},"content":{"rendered":"<h1>Canada Customs: General Preferential Tariff (GPT), implemented in 1974, is set to expire in June 2014<\/h1>\n<p>&nbsp;<\/p>\n<p><strong>Canada Customs:\u00a0<a title=\"General Preferential Tariff - CBSA\" href=\"http:\/\/www.cbsa-asfc.gc.ca\/publications\/dm-md\/d11\/d11-4-4-eng.html\">General Preferential Tariff<\/a><\/strong>, also known as<strong> GPT<\/strong>, is a designation which allows for about 80% of products coming from particular countries to qualify for reduced or <strong>duty-free<\/strong> status. The goal of of the designation was an attempt to<em> increase economic development and trade<\/em> with developing countries. Due to changes in designation by the world bank, countries such as <strong>China<\/strong>, <strong>Hong Kong<\/strong>, <strong>India<\/strong>, <strong>South Korea<\/strong>, and<strong> Brazil<\/strong> are no longer in need of this preferential treatment as they have developed into &#8220;higher or upper middle class economies&#8221;. Any country, in this case about 72, with a share of world <strong>exports<\/strong><em> greater or equal to 1%<\/em> will loose their designation.\u00a0<\/p>\n<div style=\"width: 795px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\" \" title=\"canada customs GPT\" alt=\"Canada Customs GPT\" src=\"http:\/\/www.allproimaging.com\/healthcare\/images\/h_intlDealers.jpg\" width=\"785\" height=\"225\" \/><p class=\"wp-caption-text\">GPT set to expire summer 2014<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2>How this will affect importers like you<\/h2>\n<p>&nbsp;<\/p>\n<p>with over<em> 80% of products<\/em> from countries like<strong> China<\/strong>, <strong>India<\/strong>, and <strong>South Korea<\/strong> loosing their designation, this could mean a<strong> significant increase in costs for importers<\/strong>. it is highly recommended to start making the necessary changes and preparations ahead of time in order to decrease the impact of changes. Should you require any information on the changes, be sure to contact a<strong> Canada customs<\/strong> office or your<strong> customs broker<\/strong>.\u00a0<\/p>\n<p>&nbsp;<\/p>\n<h3>\u00a0Apparel industry imports mostly unaffected<\/h3>\n<p>&nbsp;<\/p>\n<p>Those in the<em> apparel industry<\/em> do not have much to worry about as<strong> GPT<\/strong> has not applied to this segment of the industry but <a title=\"LDCT - CBSA\" href=\"http:\/\/www.cbsa-asfc.gc.ca\/publications\/dm-md\/d11\/d11-4-4-eng.html\"><strong>LDCT<\/strong><\/a> status for <strong>garment importers<\/strong> from countries like <strong>Bangladesh<\/strong> should do their due diligence as changes may affect pricing.<\/p>\n<p>&nbsp;<\/p>\n<p>For more information on<strong> GPT<\/strong>,<a title=\"Clearit.ca's Guide to Importing \" href=\"http:\/\/www.clearit.ca\/guide-to-importing\/\"><strong> importing<\/strong><\/a>, or<a title=\"Start Your Customs Clearance \" href=\"https:\/\/process.clearit.ca\/clearance.php\"><strong> Customs Clearances<\/strong><\/a> simply <strong><a title=\"Contact Clearit.ca Customs Brokers \" href=\"http:\/\/www.clearit.ca\/contactus\/\">Contact us<\/a>\u00a0<\/strong>or your local<strong> Canada Customs Office<\/strong><a title=\"Contact Clearit.ca Customs Brokers \" href=\"http:\/\/www.clearit.ca\/contactus\/\"><br \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada Customs: General Preferential Tariff (GPT), implemented in 1974, is set to expire in June 2014 &nbsp; Canada Customs:\u00a0General Preferential Tariff, also known as GPT, is a designation which allows for about 80% of products coming from particular countries to qualify for reduced or duty-free status. The goal of of the designation was an attempt [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":1619,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9,12,142,250,246,198],"tags":[714,715,15,14,70,36,361,363,360,359,67,343,71,362,72,103],"_links":{"self":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts\/1618"}],"collection":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/comments?post=1618"}],"version-history":[{"count":8,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts\/1618\/revisions"}],"predecessor-version":[{"id":1717,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts\/1618\/revisions\/1717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/media\/1619"}],"wp:attachment":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/media?parent=1618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/categories?post=1618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/tags?post=1618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}