Toronto, July 7, 2016
Tariff rate reductions are being phased in on tech and information related products, including audiovisual products and parts, vacuum parts, flight simulators, telecommunication products, software, media-storage devices, medical devices, touch-screen devices and medical equipment. The phase in period, which commenced July 1, 2016, will continue until July 1, 2018.
The tariff reductions, listed on Customs Notice 16-16, are part of the Information Technology Agreement (ITA), announced by International Trade Minister Chrystia Freeland on July 4, 2016.
Clients of Universal Logistics can request a Tariff Impact Study, based on 2015/2016 imports, to identify duty savings resulting from the tariff cuts.
To learn more or request a Tariff Impact Study, please contact Brian Rowe, General Manager – Customs Consulting Services at (905) 882-4880.