Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Canada Proposes to Reinstate Duty Preferences for BurmaTuesday, November 18, 2014 > 08:31:29
(Sandler, Travis & Rosenberg Trade Report)
The government of Canada published Nov. 8 a proposed order that would reinstate Burma’s eligibility for duty preferences under Canada’s General Preferential Tariff, which provides lower duty rates than most-favored-nation rates to goods imported from specified developing countries, and Least-Developed Country Tariff, which offers duty-free access for imports into Canada of nearly all products from LDCs. Comments on this proposal are due no later than Dec. 8.
Canada removed Burma from eligibility for these two programs in 1997 in response to the human rights situation in that country. However, many countries are gradually normalizing trade relations with Burma in response to positive developments that have taken place over the past few years, including elections that led to a transition to civilian rule and economic reforms. Canada itself has eased economic sanctions, opened an embassy in Yangon and appointed its first-ever resident ambassador to Burma and believes reinstating GPT and LDCT eligibility would be consistent with these actions.