The World Trade Organization’s Committee on Customs Valuation is considering a proposal by Uruguay to update a 1984 decision that allows members to value software or data for customs purposes on the basis of the cost of the carrier media (e.g., magnetic tapes, CDs and DVDs) in which they are transported from one country to another.
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In The News
Two Alberta Border Crossings Slated to Open
May 27, 2014
The Canada Border Services Agency (CBSA) has announced two Alberta-Montana border crossings will open this week.
Both the Chief Mountain port of entry, located along Highway 6, and the port of Wild Horse will be re-opening for the season on Thursday...
Fraud Warning and Fake Kimberley Process Certificates for Sierra Leone and Guinea
May 27, 2014
The [U.S.] Department of State, Bureau of Economic and Business Affairs, in conjunction with U.S. Customs and Border Protection is advising the public on several scams involving Kimberley Process Certificates. Legitimate Kimberley Process Certificates are used to control the international trade in rough diamonds.
Turning it Around - How to Restore Canada’s Trade Success: Report
May 27, 2014
The Canadian Chamber of Commerce has issued a report today titled Turning it Around: How to Restore Canada’s Trade Success.
The report argues that free trade agreements are not enough to reverse Canada’s dismal trade performance over the past decade. Canada must also bolster trade promotion services and diplomatic support for companies abroad.
Canada-EU trade pact final wording delayed
May 27, 2014
Canada and the European Union failed to ink the final text of their long-sought free trade agreement this week after a series of familiar irritants reared their heads once more.
One of the obstacles to resurface was a disagreement over protection of intellectual property rights in the pharmaceutical sector, an EU briefing note says...