The Governor General in Council, on recommendation of the Minister of Finance, has issued the United Kingdom Trade Continuity Remission Order, 2021 #20-1135.
The United Kingdom Trade Continuity Remission Order provides the tariff benefits of the Canada-United Kingdom Trade Continuity Agreement (CUKTCA) as if it were in force as of January 1, 2021. It does so by remitting the difference between the Most-Favoured-Nation Tariff rate of customs duty and the rate of customs duty that would apply under the Comprehensive Economic and Trade Agreement (CETA). This replicates the tariff benefits that would have applied to eligible imports from the United Kingdom (UK) and certain associated territories under the CUKTCA, as the tariffs and rules of origin are equivalent under the two agreements. The CETA is referenced because those preferential tariffs and rules of origin already exist in domestic law.
This remission applies to goods imported on or after January 1, 2021, until the day on which the CUKTCA enters into force.
Effective January 1, 2021 importers of qualifying goods may cite the United Kingdom Trade Continuity Remission Order, 2021 #20-1135, in order to benefit from the remission of duties.
A complete copy of Customs Notice 20-39 can be found here.
For additional information, please contact your local Delmar Representative.