The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) project will directly impact, modernize, and streamline the import process of shipments entering Canada by transforming the collection of duties and taxes for commercial goods.
News / Regulatory Updates
A number of COVID-19 cases had emerged at the port last week, and tightened health and safety measures have been rolled out by local authorities. This advisory includes the latest updates, as well as contingency plans from our carrier partners.
Transpacific Market U.S. Imports from Asia in April increased by 29.3% on a year over year basis to 1.55 million TEU, according to IHS Market. While this does represent a 6.6% month over month decrease in volume, the decline should not be attributed to a softening in demand but rather due to continued capacity disruptions caused by heavy congestion across the entire Transpacific network.
The situation in the Suez Canal has now been resolved, with the backlog having cleared and all vessels proceeding to their destinations. The impact on Noatum North America and its customers was thankfully minimal.
On April 5, 2021, the U.S. Court of International Trade issued an opinion against the Section 232 derivative product tariffs implemented on Proclamation 9980 which applied a 25% tariff on steel derivative products and a 10% tariff on aluminum derivative products.
On Friday, March 26, 2021, the United States Trade Representative (USTR) office announced in a press release the Next Steps of Section 301 Digital Service Tax (DST) Investigations for Austria, India, Italy, Spain, Turkey, and the United Kingdom.
On Monday, March 29, 2021, the United States Trade Representative (USTR) Katherine Tai announced that the USTR would Suspend Trade Engagement with Burma following Military Coup and Violence against Civilians. In the message, the USTR said the suspension of all U.S. engagement with Burma under the 2013 Trade and Investment Framework Agreement (TIFA) will remain in effect until a return of a democratically elected government.
On Monday, March 29, 2021, upon request from the Department of Commerce (DOC), U.S. Customs and Border Protection issued CSMS Message #46800973 delaying the effective date of the Aluminum Import (AIM) license requirement until June 28, 2021.
As is widely reported in the Global media, the very large container ship “Ever Given“ was grounded during transit in the Suez Canal on Tuesday, March 23, completely blocking the canal for the passage of other vessels.