Recent Trade News
Statement On The Passing Of Glen Todd
Mar 29, 2022
General Strike At Port Of Montreal Set To Begin Next Week
Apr 23, 2021 CSCB
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72-Hour Strike From July 27 to 31 At Port Of Montreal
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Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
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Reminder On SFCR Requirements For The Manufactured Food Sector
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Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
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Read More News »
Why Ottawa Modernized the General Preferential Tariff Program
By Jim Flaherty - Minister of Finance , The Globe and Mail Apr 19, 2013
A lot has changed since the 1970s in the global economy. So why would we continue to administer – virtually unchanged – a foreign aid subsidy program based on the state of the global economy of the 1970s? We shouldn’t.
In the recent federal budget, our government set out to modernize a foreign aid program called the General Preferential Tariff. Created in 1974, this program was a collective commitment from developed Western countries to help the economies of the poorest Third World countries.
The program gives companies from these countries preferential access to the Canadian market and the other Western countries involved. Most jurisdictions in the West – from the European Union to the United States to Japan – that have a General Preferential Tariff program or equivalent treat it as an aid program.
Throughout the years, as some of the poorest countries grew stronger, many in the West have modified their list of countries to ensure it properly reflected changing economic realities.
Read Full Article on The Globe and Mail »

