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.
Review Planned for Canada抯 Preferential Tariff Schemes for Developing CountriesMonday, April 02, 2012 > 11:25:29
The Budget Plan tabled on March 29th, 2012 by Canadian Minister of Finance Jim Flaherty included the following text regarding a review the government will be undertaking of Canada’s General Preferential Tariff:
Since 1974, Canada has granted preferential market access to imports from developing countries as a means to promote their economic growth and export diversification. The global economic landscape has changed considerably since then, including significant shifts in the income levels and trade competitiveness of certain developing countries. To respond to these developments and ensure that this form of development assistance is appropriately aligned with our development policy objectives, the Government will undertake a comprehensive review of Canada’s General Preferential Tariff regime.