US customs, USCBP, is testing a new Section 321 de minimis entry process for Section 321 low-valued shipments: Type "86" . Finding e-commerce import solutions to the USA is a new challenge for US importers.
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As nationalist rhetoric continues, so does the march towards global free trade..
The overwhelming approval of the "new NAFTA"/ USMCA by a divided US congress is a reminder of how important free trade is to the global economy.
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Canada's export economic opportunities have expanded to the east with Europe (CETA European Canadian Free Trade) and to the west with CPTPP. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is a free trade agreement between Canada and ten Asia-Pacific/ Latin American countries. Canadian companies rely on low cost shipping to CPTPP countries.
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To mitigate the risks within North America, Canadian businesses are increasingly looking to export products to the EU.
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American companies are increasingly looking North to Canada with a huge opportunity created online purchases. The "new NAFTA" USMCA/ CUSMA contains the same basic provisions of NAFTA but with updates to facilitate e-commerce orders shipped from the US to Canada.
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Canada and Hungary have growing trade and investment due to the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). CETA builds on an already strong bilateral relationship with two way merchandise trade per year totalling close to $1 billion.
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The Universal Post Union - an UN agency that governs the rates and rules between the world's post offices - is now discussing expanding its role to include private carriers. The UPU plays a crucial for facilitating cross border e-commerce postal parcels and has ambitions to facilitate the movement of all international parcels.
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Product trade between Canada and Estonia of over $240 million per year is expected to grow thanks the Canada European Free Trade Agreement (CETA). Canadian merchandise exports to Estonia include electrical machinery and equipment, machinery, titanium, aqua-culture, and wood products. Shippers from Canada rely on low cost parcel shipping options to reach their Estonian customers and suppliers
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Although Canada's economy is fundamentally driven by commodities, economic growth is increasingly dependent upon the million plus small businesses with fewer than 100 employees. Jet Worldwide - being one of those small companies with specialized expertise - is uniquely qualified to help Canadian small businesses expand globally.
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Pittsburgh and Montreal, Quebec share a strong economic connection. Pittsburgh is not just "steel town" but, also historical home to Alcoa. An example of the economic connection is the The Elysis joint venture project between Alcoa, Rio Tinto, Apple and the governments of Quebec and Canada.
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