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The Role of Trade Agreements in Simplifying Customs Compliance 1

The Role of Trade Agreements in Simplifying Customs Compliance

Global trade has rebounded after the pandemic slump and hit a record high of $33 trillion in 2024. This value is up by $1 trillion from the year before, marking a new era of growth in worldwide commerce. International trade agreements facilitate cross-border trade by streamlining the smooth movement of goods across countries. These documents are crucial for commerce growth, especially as consumers today prefer to shop for products online. Read

Canada ASEAN Free Trade Agreement Consultation 1

Canada-ASEAN Free Trade Agreement Consultation

James May, CustomsCity Global Solutions Inc. Now that the dark cloud of uncertainty has been lifted from Canada after the signing of the new USMCA (US-Mexico-Canada Free Trade Agreement) it’s time to now look at further diversifying Canada’s trading partners.  Canada should pursue an FTA (Free Trade Agreement) with ASEAN (Association of Southeast Asian Nations). Of interest in the USMCA was Canada raising of the de minimis values for duty