CARM: What all importers need to know about CARM

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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 #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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