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TPP Not a “Done-Deal” yet for Canada

Next week in New Zealand (one of the TPP signatory countries), the Canadian federal government intends to sign the TPP.  Unfortunately, that signature doesn’t necessarily mean that the TPP will go ahead as planned.  Canada’s signature on the deal is only a technical step in the process.  It allows “…the TPP text to be tabled in Parliament for consideration and debate before any final decision is made”….says International Trade Minister Chrystia Freeland.  

Much more work and studies are to be done by Canada’s Government.  For more details on the next steps - after Canada’s signature on February 4, 2016, see CBC News’ story at:

http://www.cbc.ca/news/politics/transpacific-trade-deal-tpp-signing-freeland-1.3418567

Background Information:

On October 5th, 2015, Canada announced that they had successfully concluded negotiations on the largest, most ambitious free trade agreement in history - the Trans-Pacific Partnership (TPP). The TPP will eliminate tariffs on almost all of Canada’s key exports and provide access to new opportunities in the Asia-Pacific region. Tariffs and other barriers on a wide range of Canadian products from various sectors will be cut. Some cuts will be immediate upon the TPP coming into force and other cuts will occur gradually over specified years. Canadian products such as: Agriculture and agri-food, fish and seafood, forestry and value-added wood products, metals and mining, and industrial goods. 

TPP Signatory Countries:

Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam

How Can Cole International Help?

If you’re an importer from any of the 12 signatory countries or an exporter to any of those 12 countries, Cole International can help you to take advantage of all that the TPP has to offer.  We have a dedicated Free Trade Department who specialize in understanding and applying free trade agreements such as the TPP.  They will work with your company to prepare a detailed impact analysis of the TPP on your import or export business.

If you would like to receive the recently published TPP details, or you would like to know the impact of the TPP on your company, please call:
Raluca Mihalceanu, Trade Consultant, Cole International - (905) 676-6136

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What Will Customs Audit in 2016?

The Canada Border Services Agency (CBSA) has published a list of commodities and programs on which they will focus their 2016 audits (compliance verifications).

There are 4 new items on the January 2016 list as follows:

·        Tubes, Pipes and Hoses

·        Parts of Lamps

·        Pasta

·        Hair Dryers and Electric smoothing Irons

CBSA’s verification priorities are carried over from previous years, so the full list actually contains 40 commodities covering the following 3 program areas:

·        Tariff Classification (35/40 items on list)

·        Valuation (3/40)

·        Origin (2/40)

For a complete list of CBSA’s verification (audit) priorities, see the following links:

·        English: http://www.cbsa-asfc.gc.ca/import/verification/menu-eng.html

·        French: http://www.cbsa-asfc.gc.ca/import/verification/menu-fra.html

Cole International works diligently every day to ensure that your company is Customs compliant, but CBSA may still chose to audit your company. Be assured that Cole’s Audit Response Unit is ready and able to assist you through a CBSA audit in the event that it happens.

If you import any of the 40 commodities on CBSA’s list, a deeper discussion may be warranted on how these issues may affect you.  Please contact your Cole account representative at the number you have on file or call our main office at:

Phone:        403-262-2771 
Fax:             
403-262-7301
Toll Free:  1-800-313-4281

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Big Boost for Canadian Exporters Announced

Canadian companies seeking to develop new export opportunities recently received some great news.  A new program aimed at increasing their competitiveness was announced by Government on January 5th, 2016.   It is called CanExport, and it has committed up to $50 million over 5 years to small and medium sized enterprises covering a wide range of export activities. Complete details can be found at:

http://international.gc.ca/canexport/index.aspx?lang=eng

How Can Cole Help?

The customs brokers and freight forwarding professionals at Cole International can assist you with:

•        Freight quotes for exports

•        Advise on export controls or export permit requirements 

•        Export document completion

•        Importing countries’ requirements

•        Trade agreement assistance

•        Tariff qualification 

 Please contact us for more information and assistance. 

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ACE – Mandatory Use Date is Fast Approaching

With the fast approaching date for mandatory use of ACE for all electronic entry and entry summary filing, Cole International would like to share another update written by the National Customs Brokers and Forwarders Association of America, Inc. (NCBFAA) in their advocacy efforts on the subject. 

http://www.ncbfaa.org/Scripts/4Disapi.dll/userfiles/uploads/second_ACE_letter.pdf
 

Background:
 
U.S. Customs and Border Protection’s (CBP) automated systems electronically support the facilitation of importing and exporting goods. By the end of 2016, the Automated Commercial Environment (ACE) will become the Single Window - the primary system through which the trade community will report imports and exports and the government will determine admissibility. Through ACE as the Single Window, manual processes will be streamlined and automated, paper will be eliminated, and the international trade community will be able to more easily and efficiently comply with U.S. laws and regulations.  CBP’s current deadlines are:

mandatory 5 dates 

http://www.cbp.gov/trade/automated

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100% Surtax on Certain USA Goods – Averted

Update: 

U.S. Congress passed a bill on December 18/15 that repealed the controversial country-of-origin meat labelling (COOL) law, thereby averting Canada’s need to implement the 100% surtax on certain imported US goods.

Background: 

Canada was set to impose a 100% surtax on a wide list of goods imported from the USA.  The situation began due to the USA’s revised country-of-origin labelling (COOL) rules for importations of meat from Canada and Mexico. To see the full background story, click here: http://www.coleintl.com/news/227-canada-set-to-impose-100-surtax-on-a-wide-list-of-goods-imported-from-usa.html

More information and Links:

http://calgaryherald.com/life/food/u-s-repeals-meat-labelling-law-after-facing-canadian-retaliation

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