Supply chains are extremely delicate. As the name suggests, a supply chain is a network of people, organizations, and activities that moves through a system of companies and suppliers, created to produce and distribute products. If only one of those chains is disrupted, it can have a significant impact on multiple aspects of your business.
Twenty-five years ago, the North American Free Trade Agreement (NAFTA) was signed with the intention to boost trade and investment among the United States, Canada, and Mexico. Despite many controversies and doubts, NAFTA has been the most used trade agreement in American history. However, its time is coming to an end. On July 1st, it will be
Throughout the history of the world, countries have responded to different economic crises. However, the COVID-19 pandemic is continuously challenging countries around the world, affecting the economy, the healthcare system, laws and regulations, as well as individual’s personal lives. Before the COVID-19 crisis, we already lived in a world
The new trade agreement between Canada, United States and Mexico has been highly covered in news since 2018. If you have been keeping track of the discussions surrounding the new trade deal, you have probably heard the words USMCA or CUSMA before. Since 1994, NAFTA (North American Free Trade Agreement) has been the trade agreement deal between
For shipments released Customs after March 1st 2020. Any and all shipments cleared prior to March 1st 2020 these payments are due to Thompson Ahern & Co. Limited
Customs Notice 20-11
Ottawa, March 27, 2020
This notice provides information regarding the extension of timeframes for the payment of customs duties and the Goods and Services Tax
What is the Harmonized Classification System?
The Harmonized Classification System, or simply referred to as “HS,” is the international nomenclature for the classification of goods and products. This system allows countries to classify traded goods on a common basis for several customs purposes. The HS is used by more than 200
Essentially, freight management consists of moving freight across a network from point A to point B. The destination of a freight can vary, and whether it is a national or international delivery, a freight manager will be responsible for overseeing and managing a cost-efficient operation and delivery of
CBSA are developing the CARM project over the next 3 years. CARM is the acronym for CBSA Assessment and Revenue Management. CARM will be the largest single overhaul of the Customs Commercial system by CBSA since the 70’s. CBSA, working in conjunction with CRA, are developing this mandatory program.
Why the Change?
When you are a business owner, import brokerage can be a nerve-wrecking experience. From trying to determine if your goods are eligible in that country to filling out declaration documents and ensuring that your products arrive smoothly, importation is not an easy business decision to make. However, it is important to remember that you do not have
Every country has its own regulations, specifications and goals when it comes to international trade, which is why many business owners feel nervous and uncertain when it comes to following regulations in international freight. Because of this, it is extremely important to have specific rules to unify the trade and sales of goods internationally