[CBSA CARM UPDATE] Minimum Bond Requirement as of CARM Release 2

CBSA has advised that as of CARM Release 2, each RM15 must have a minimum amount of $25 000 posted for the surety bond when importers post a surety bond or cash deposit for release prior to payment privileges. A BN9 can still post one bond for multiple BN15s as long as the security reflects that the required $25 000…

CUSMA / USMCA is almost here!

Time is running out for importers to request updated certificates, replacing the NAFTA certificates that are set to expire on June 30th.    The new trade agreement between Canada-US-Mexico (CUSMA / USMCA) comes into effect July 1st, and unless importers have obtained new certificates of origin from their suppliers, those products may be subject to duty under the Most Favored Nation (MFN) Tariff Treatment.  We…

U.S. Trade Representative Confirms Increase in Chinese Section 301 Tariffs

Further to President Trump’s announcement earlier this week, the U.S. Trade Representative (USTR) will formally publish a notice of increased Section 301 tariffs. The increased tariffs will be effective Friday, May 10, 2019. They will increase from 10% to 25% and will impact $200 billion of Chinese imports. Section 301 tariffs are assessed in addition…

Important SFCA Update for Canadian Food Importers and Exporters

Canada’s Food Inspection Agency (CFIA) has announced its MY CFIA portal is now able to process licences as required by the Safe Food for Canadians Regulations (SFCR) in keeping with the Safe Food for Canadians Act (SCFA). For many food businesses regulated by SFCR, having a licence will be a requirement to import or export…

U.S. Section 301 Tariffs on Chinese Products Announced

Further to previous communication on May 29, 2018, the U.S. Trade Representative (USTR) office has announced a first set of Chinese products that will be subject to additional 25% tariffs (duties) for imports into the U.S. effective July 6th, 2018. A complete list (List 1) of affected products is available here and covers 818 HTS…

Canada-US Trade War – Consultation Period Ends June 15

Advisory alert Further to our trade alert (see here) issued on June 1, the Canadian trade community and potentially impacted importers have until June 15 to submit comments to the Department of Finance. As outlined in the consultative notice comments should include the following information: 1.  Canadian company/industry association name, address, telephone number, and contact…