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The Emergence Of Digital Economy Agreements

The pandemic has highlighted the significance of the digital economy and its impact globally. It has precipitated the importance of including new digital trade chapters in trade agreements as well as standalone digital trade agreements like the Digital Economy Partnership Agreement. (DEPA).

What's The State Of Canadian Trade In 2022?

The Covid-19 pandemic continues to affect the global trade flows and economic growth throughout 2022 and likely through to 2023. The third year of Covid-19 and the Ukraine/Russia crisis has caused intensified geopolitical uncertainty that could hinder global economic recovery. The World Trade Organization (WTO) expects merchandise trade volume growth of 3% in 2022 which is down from a previous forecast of 4.7% and 3.4% in 2023. The most immediate economic impact of the Russia/Ukraine crisis has been a rise in commodity prices. Russia and Ukraine are large suppliers of essential goods that include food, energy and fertilizers. This has impacted many countries around the world but particularly low-income countries where food accounts for a large part of a household income. Another concern is lockdowns in China to prevent the spread of Covid-19 which has again disrupted supply chains.

FAQ About Importer Record Keeping Responsibilities In Canada

Importers who import commercial goods into Canada must maintain books and records as prescribed by the Customs Act and Regulations. Importers must be prepared to provide access to and copies of to Canada Border Services Agency (CBSA) for trade audit purposes. In this blog, we will explore the dos and don’ts of importer record keeping responsibilities for Customs.

BN and RM Numbers | What Do They Have To Do With Importing Into Canada?

What is Step 1 when importing commercially into Canada? Well, the answer is obtaining a Business Number (BN). In this blog we will explore what it is, why importers need one and how it’s different from an Import/Export (RM) number.