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Major trade deal with Europe put on the fast track

     CETA

The European Parliament has rejected an objection that could have delayed for up to two years implementation of the free trade deal between Canada and the European Union, known formally as the EU-Canada Comprehensive Economic and Trade Agreement (CETA). 

This means partial implementation of CETA may begin in early 2017 if implemented.  The objection was raised by 89 members of the European Parliament who felt that CETA did not comply with EU laws and gave multinationals the opportunity to dictate public policy on issues such as the environment, labour and health.

For more information, contact Brian Rowe, General Manager – Customs Consulting Services.

Quick Tip #58
Be prepared for customs penalties and fines under AMPS

Never assume that the absence of an audit means you will never be audited.  Penalties under AMPS (Administrative Monetary Penalty System) can be applied at the border at time of import (or export) and also post audit.

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