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International Trade News

International Trade News Stories posted since January 02, 2015

7 Excellent Reasons to Invest in Trade Compliance Education

ABC Customs Brokers Feb 26, 2015

Today’s business climate is fast paced. Time is limited and precious, and there is always a long list of tasks to accomplish. So why would you take valuable time out of your busy schedule to attend a trade compliance seminar or workshop?

How Important is Foreign Trade to the U.S. and Canada?

By Alex Carrick , Daily Commercial News Feb 24, 2015

Since much of the economic focus this year will be on oil prices and currency shifts, this Economy at a Glance presents several tables that provide background on U.S. and Canadian foreign trade.

Trans-Pacific Partnership to Increase U.S. Exports by $123Bln - U.S. Trade Rep

Sputnik Feb 24, 2015

US Trade Representative said that the Trans-Pacific Partnership agreement will help the United States grow its exports by more than $123 billion by 2025 and provide American workers with greater number of high-earning opportunities.

WTO Appellate Body Begins Hearings on U.S. Compliance in COOL Dispute

International Centre for Trade and Sustainable Development Feb 24, 2015

The dispute on the US’ country-of-origin labelling (COOL) policy for livestock and meat products returned to the WTO this week, with the launch of Appellate Body hearings to review if Washington’s revisions to the measure are enough to comply with WTO rules.

U.S., Canada Reach Key Funding Deal for Detroit-Windsor Bridge

By David N. Goodman, ABC News Feb 24, 2015

The Obama administration and Canada have agreed on financing a key piece of a planned $2.1 billion bridge connecting Detroit and Windsor, Ontario, the two governments announced Wednesday.

More Than 1.5 Million Europeans Don't Want Canada-EU Trade Deal Ratified

By Brent Patterson, Rabble Feb 24, 2015

The Council of Canadians congratulates our European allies for collecting 1.5 million signatures of Europeans who want "the institutions of the European Union and its member states to stop the negotiations with the USA on the Transatlantic Trade and Investment Partnership (TTIP) and not to ratify the Comprehensive Economic and Trade Agreement (CETA) with Canada."

Canada Gazette - Notices and Proposed Regulations

Canada Gazette Feb 17, 2015

The following was published on 14 February 2015 in Part I of the Canada Gazette

India to Boost Trade Ties with U.S., Commits to Adopt FATCA Soon

The Economic Times Feb 17, 2015

Committing to boost trade ties, India and the US today resolved to enhance cooperation, remove obstacles to investment flows and work towards early adoption of FATCA to facilitate automatic flow of tax information.

US Appeals to Japanese Business to Help Push for Trade Pact

By Elaine Kurtenbach, ABC News Feb 17, 2015

Japan and the U.S. are moving closer to reaching agreement on market opening measures needed to conclude a Pacific Rim trade pact, a top U.S. envoy said Friday, urging Japanese business leaders to help bridge the last, difficult disagreements.

Maybe the Obama Admin is Right About Free Trade After All

By Chris Matthews, Fortune Feb 17, 2015

A new study shows that most new free trade agreements have actually cut the trade deficit.

CBP Needs Better Data on Disposition of High-Risk Imports, GAO Says

Sandler, Travis & Rosenberg Trade Report Feb 17, 2015

A recent report from the Government Accountability Office states that U.S. Customs and Border Protection needs better information on the disposition of import shipments deemed to be high-risk.

State Department Posts List of Cuban Goods and Services Eligible for Importation into the US

U.S. Department of State Feb 17, 2015

On February 13, 2015, the State Department Bureau of Economic and Business Affairs posted on its website a list of goods and services produced by independent Cuban entrepreneurs that are eligible for importation into the United States pursuant to the Cuban Assets Control Regulations 31 C.F.R. § 515.582. 

Lag in Updating FTA Rules of Origin Not Reason to Deny Preferential Treatment, CBP Says

Sandler, Travis & Rosenberg Trade Report Feb 17, 2015

U.S. Customs is proposing to modify a ruling to indicate that a delay in updating the tariff numbers in a free trade agreement’s rules of origin is not by itself sufficient reason to deny preferential tariff treatment under the FTA for qualifying goods.

Drink While Ye May: Feds Threaten California Wine Imports as U.S.- Canada Labelling Dispute Heats Up

By Debora Van Brenk, Toronto Sun Feb 17, 2015

Canada's agriculture minister is threatening tariffs on California wine if the U.S. doesn't repeal restrictive meat-labelling laws costing our farmers billions.

Port Metro Vancouver Reports Record Year for Cargo

By Julia Kuzeljevich , Canadian Shipper Feb 17, 2015

Port Metro Vancouver has released its 2014 year-end statistics, showing its second consecutive year of record-breaking cargo volumes.

Forest Industry Welcomes Trade Action Against China

Forest Products Association of Canada Feb 17, 2015

The Forest Products Association of Canada (FPAC) applauds the federal government for pursuing trade action against China at the World Trade Organization (WTO) regarding duties on Canadian dissolving pulp.

South Korea Bans Canadian Beef Exports in Light of BSE

By Kelsey Johnson , iPolitics Feb 17, 2015

South Korea says it’s banning imports of Canadian beef after a case of bovine spongiform encephalopathy (BSE), or “mad cow disease,” was found on a northern Alberta farm earlier this week, despite reassurances from Canada’s agriculture minister the case would not impact Canadian beef trade.

To Cross-border Trade – and Beyond

By Bruce Heyman , The Globe and Mail Feb 17, 2015

This week, I will send letters to the governors of all 50 U.S. states urging them to visit Canada to explore new opportunities for expanding what is already the world’s largest and most comprehensive bilateral trade and investment relationship.

NAFTA Certificate of Origin: Top 5 Mistakes and How to Avoid Them

ABC Customs Brokers Feb 12, 2015

West Coast Congestion Impacting Canadian Trade, Says Association

By Julia Kuzeljevich, Canadian Shipper Feb 10, 2015

U.S. Exports Hit Record High for the Fifth Straight Year

By Secretary Penny Pritzker, United States Department of Commerce Feb 10, 2015

Trade Agreements Will Help Accelerate Economic Growth

Canada Ends 2014 with Double-Digit Export Growth and Trade Surplus

Foreign Affairs, Trade and Development Canada Feb 10, 2015

For the first time, Canada’s two-way trade surpassed $1 trillion, at nearly $1.1 trillion

Canadian Lumber Industry to Benefit from Agreement with Mexico

Canadian Food Inspection Agency Feb 10, 2015

Mexico recognizes Canada's heat treated wood

Mexico Says Pacific Free Trade Deal Feasible by Mid- March

By Dave Graham, Reuters Feb 10, 2015

A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said on Thursday.

EU, US Agree to 'Full Throttle' Free Trade Talks

By Ignacio Garcia Bercero, The Economic Times Feb 10, 2015

The United States and European Union agreed on Friday to work "full throttle" to secure the world's biggest-ever free trade deal despite growing scepticism on both sides of the Atlantic.

Lawmaker Says Japan, Canada Must Cut Tariffs Under Trade Pact

By Krista Hughes;, Reuters Feb 10, 2015

Explore New Foreign Markets, Trade Minister Tells Shy Canadian Companies

By Andy Blatchford, CTV News Feb 10, 2015

The Canadian government faces a new hurdle as it shifts from negotiating free trade deals to implementing them: companies that are overly cautious about courting new business overseas.

Canadian Trade Minister Visits Seoul

The Korea Times Feb 10, 2015

‘Interesting Cocktails’ with Jonathan Whitworth from Seaspan

Feb 05, 2015

How Seaspan Implemented a $170M Capital Expansion Project On Time and Under Budget

Join AmCham Canada – Pacific Chapter for their upcoming event with an inspiring guest speaker, and a chance to network with like-minded business professionals.

Kicking Off Next Week: Trade Compliance Education Program 2015 Spring Season

ABC Customs Brokers Feb 04, 2015

Coming from a successful 2014 trade compliance education season, ABC Customs Brokers is excited to announce another season chock-full of seminars and workshops.

International Freight Transport to Quadruple by 2050

By Julia Kuzeljevich, Canadian Shipper Feb 03, 2015

The ITF Transport Outlook 2015 was released at a media briefing in Paris today. It presents long-term projections for future demand of passenger as well as freight transport and this year focuses on two key messages: shifting trade patterns increase transport distances by 12%, and the North Pacific surpasses the North Atlantic as a main trading route.

CN Expects Continued US West Coast Diversion Gains

Journal of Commerce Feb 03, 2015

Canadian National Railway expects intermodal to stay strong as shippers frustrated with U.S. West Coast port congestion push U.S-bound loads through Canadian ports and onto its network running through Chicago and down to New Orleans.

CBP Needs to Enhance Its Guidance and Oversight of High-Risk Maritime Cargo Shipments

The U.S. Government Accountability Office (GAO) Feb 03, 2015

The U.S. economy is dependent on a secure global supply chain.

CBSA New Seizure Policy for Significant Undervaluation of Commercial Goods in the Courier LVS Program

Canada Border Services Agency Feb 03, 2015

Customs Notice 15-002

Canadian Shippers See Sailing Reliability Suffer As West Coast Congestion Ripples North

By Mark Szakonyi, Journal of Commerce Feb 03, 2015

Pharmaceuticals, Health and Chemicals Center of Excellence and Expertise (PHC Center)

U.S. Customs and Border Protection Feb 03, 2015

On January 15, 2014, CSMS Message Number 14-000033 was issued to provide notice of the ten team codes assigned to each of the ten Centers of Excellence and Expertise (Centers).

A First Look At Importing Wooden Décor into Canada

ABC Customs Brokers Jan 29, 2015

When importing goods that fall under tariff items 4420.10, 4420.90, 4421.90 or 9505.10 such as statuettes, other ornaments of wood and articles for Christmas festivities containing wooden components, the following information is required to ensure admissibility under Canadian Food Inspection Agency (CFIA) import requirements.

New CBSA Transfer Pricing Policy Creates Opportunities and Obligations for Importers

By John W. Boscariol and Robert A Glasgow, McCarthy Tétrault LLP. Jan 27, 2015

Transfer pricing has been a favorite Canada Border Services Agency (CBSA) enforcement target for some time now.

HS Nomenclature 2017 Edition

World Customs Organization Jan 27, 2015

The WCO has published the accepted amendments to the Harmonized System (HS) Nomenclature that will enter into force on 1 January 2017.

Japan Exports Grow Most in Year, Signaling Steady Recovery from Recession

By Tetsushi Kajimoto, Reuters Jan 27, 2015

Japan's exports grew the most in a year in December, helped by a weak yen and a pick-up in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption.

U.S., Europe Threaten New Sanctions Against Moscow

By Gregory L. White and Laurence Norman, Wall Street Journal Jan 27, 2015

U.S. and European leaders threatened new sanctions against Moscow after a missile attack blamed on pro-Russian separatists killed 30 civilians in the eastern Ukrainian city of Mariupol, the latest escalation in violence that has brought Kiev’s fight with rebels back toward full-scale war.

Retail Concerns Grows As Port Dispute Continues

By Connor D. Wolf, Daily Caller Jan 27, 2015

Retailers have become increasingly alarmed as the West Coast port dispute becomes more hostile.

Ed Fast Talks Free Trade in Kyiv as Fighting Intensifies in Eastern Ukraine

CBC News Jan 27, 2015

International Trade Minister Ed Fast arrived in Kyiv on Sunday for two days of meetings as fighting intensifies between Ukrainian forces and pro-Russian separatists in the east of the embattled country.

10 Questions to Ask When Selecting a Customs Broker

ABC Customs Brokers Jan 22, 2015

Whether your company has just entered into the world of international trade, or you are already there and are assessing your options regarding your service providers, you will inevitably have to make some decisions regarding your customs brokerage services. Although this would seem like a fairly simple decision, not all customs brokers provide the same services and they can play a key role in the long term success of your company.

Imports Spike at Prince Rupert Which Says it Can Handle More

By Mark Szakonyi, Journal of Commerce Jan 20, 2015

The Port of Prince Rupert says it can handle more diversions of U.S-bound cargo after import traffic jumped 72 percent last month, a likely result of shippers rerouting cargo away from congested U.S. terminals.

Non-BRICS Drive Emerging Markets Growth, Optimism

By Julia Kuzeljevich , Canadian Shipper Jan 20, 2015

Dynamism in ASEAN, GCC countries, Sub-Saharan Africa and the large, next-tier economies of Indonesia, Nigeria, Bangladesh, Mexico and Pakistan is offsetting mixed performance in the BRICS countries that powered emerging markets growth in recent years.

Canada, U.S. Pork Industry Relations at 10-year High

ThePigSite Jan 20, 2015

The general manager of Manitoba Pork says relations among Canadian and American pork producers are running at a 10-year high, writes Bruce Cochrane.

New US-Cuba Travel and Trade Rules Come into Effect

BBC News Jan 20, 2015

New travel and trade rules between the US and Cuba have come into effect in the biggest policy shift between the two countries in more than 50 years.

China Bans Imports of Eggs and Poultry from U.S.

By Theopolis Waters, Reuters Jan 20, 2015

China has banned all imports of U.S. poultry, poultry products and eggs amid recent reports of highly pathogenic strains of avian influenza found in the Pacific Northwest, the U.S. Department of Agriculture said Monday.

2015 SelectUSA Investment Summit is Now Open for Business

By Secretary Penny Pritzker , United States Department of Commerce Jan 20, 2015

In my first year as Secretary, one of my proudest moments was welcoming international investors to the 2013 SelectUSA Investment Summit.

What You Need to Know When Obama Talks Trade

By Dave Johnson, Huffington Post Jan 20, 2015

President Obama is likely to use the State of the Union to push for passage of the Trans-Pacific Partnership (TPP) and the rigged "fast track" trade promotion authority. Here are some facts to counter the expected public relations campaign.

Canada-South Korea Free-Trade Deal Shows Small Gains for Both Sides: Report

By Bill Curry, The Globe and Mail Jan 20, 2015

Canada’s free-trade deal with South Korea will hurt the domestic auto sector, but the pain will be softened by the fact that Canadians will have a bit more money to buy new cars, according to the first detailed analysis of the trade pact.

Dairy Commission Drops Prices As Concerns Rise About EU Trade Deal

CBC News Jan 20, 2015

Optimism that price reduction will help grow demand for dairy products

NAFTA's Chapter 11 Makes Canada Most-Sued Country Under Free Trade Tribunals

By Sunny Freeman, Huffington Post Jan 20, 2015

Canada is the most-sued country under the North American Free Trade Agreement and a majority of the disputes involve investors challenging the country’s environmental laws, according to a new study.

Canada Strengthens Cooperation with Israel

Foreign Affairs, Trade and Development Canada Jan 20, 2015

Trade Compliance Verifications - January 2015

Canada Border Services Agency Jan 20, 2015

The Canada Border Services Agency (CBSA) is committed to publicly releasing a semi-annual list of all of its active compliance verification priorities, in the interest of transparency and the promotion of self-compliance.

New EDC Insurance Product Allows Small Canadian Companies To Insure Foreign Sales

Export Development Canada Jan 20, 2015

CIFFA Members will be interested in the following new service provided by EDC. Members can share this information with their customers.

Longshore Union Work Slowdowns Bring Terminal Operations To The Brink Of Gridlock

Pacific Maritime Employers Jan 20, 2015

The following is the latest statement issued by the Pacific Maritime Employers on the on-going negotiations.

Why Made in the USA is Still Good for Canada

By Lou Kaszubski, Jan 15, 2015

While “made in the USA” and “buy USA” bring about images of protectionism, closed borders and angry border guards, a further review can offer a fresh perspective and perhaps a chance to realize some new opportunities for Canadian companies looking to expand their market.

Canada Imposes Further Sanctions Targeting Russian Oil and Gas Industry

By Daniel Kiselbach and Ali Brady, Deloitte Tax Law Jan 12, 2015

Introduction of oil & gas sectoral sanctions

Taiwan's Inclusion in the TPP Could Be Canada's Win

By Laura Dawson, Jan 12, 2015

The TPP without Taiwan will generate limited economic gains because most countries involved already have free trade agreements with each other.

Canada Gazette - Notices and Proposed Regulations

Government of Canada Jan 12, 2015

The following was published on 3 January 2015 in Part I of the Canada Gazette.

Canada Gazette - Official Regulations

Government of Canada Jan 12, 2015

The following was published on 31 December 2014 in Part II of the Canada Gazette.

Indicator Hit-List for 2015

By Peter G. Hall, Export Development Canada Jan 12, 2015

‘Interesting Cocktails’ in January with the U.S. Consul General

ABC Customs Brokers Jan 08, 2015

Join AmCham Canada – Pacific Chapter for their upcoming event with an inspiring guest speaker, and a chance to network with like-minded business professionals.

CFIA Imposes Refuse Entry Protocol for Poultry from Washington State and Oregon State

Canadian Food Inspection Agency Jan 08, 2015

Irish Beef Imports Approved After 15-Year Embargo

By Andrew Soergel, U.S. News & World Report Jan 06, 2015

Ireland will be the first European Union country permitted to export beef to America in 15 years.

Canada Warns U.S. that Time to Fix U.S. Food Labelling Law Running Out

By John Cotter, The Star Jan 06, 2015

If country-of-origin meat labelling laws not changed to comply with World Trade Organization rulings, Canada will impose retaliatory tariffs, agriculture minister says.

U.S. Amends Poultry Labelling to Include Added Solutions

World Poultry Jan 06, 2015

US raw meat and poultry will require clearer labelling from the beginning of 2016, according to new rules announced by the USDA.

Canada’s ‘COOL’ Ties with the U.S.

Lethbridge Herald Jan 06, 2015

Government of Canada Amends Regulations Concerning Container Trucking at Port Metro Vancouver

Transport Canada Jan 06, 2015

The Honourable Lisa Raitt, Minister of Transport, announced that the Government of Canada has amended regulations to help the Province of British Columbia and Port Metro Vancouver bring further efficiency and stability to container trucking at Canada’s busiest port.

Canada and South Korea Celebrate Entry into Force of Free Trade Agreement

Foreign Affairs, Trade and Development Canada Jan 06, 2015

As of January 1, 2015, nearly 90 percent of Canada’s current exports to South Korea are duty-free, benefiting hard-working Canadians in every region of the country

Five Trade Trends for 2015 and How Canada Can Take Advantage of Them

By Danielle Goldfarb, Ottawa Citizen Jan 06, 2015

Agriculture and Agri-Food Administrative Monetary Penalties Regulations

Government of Canada Jan 06, 2015

The Regulations Amending the Agriculture and Agri-Food Administrative Monetary Penalties Regulations, which were published in Canada Gazette, Part II in July 2014, were amended to include a reference to the Meat Inspection Act and the Meat Inspection Regulations, 1990 in section 2.