According to statistics of the US Bureau of Economic Analysis, the total amount of goods imported into the United States in the first half of 2023 was $1,521.116 billion, a year-on-year decrease of 6.2%, or $100.994 billion. However, about 80% of the decrease is due to a reduction in...
Bill C-81, the Accessible Canada Act: An Act to Ensure a Barrier-free Canada aims to benefit all Canadians, especially those with disabilities, by helping to create a barrier-free Canada.
cardboard boxes, styrofoam padding, and bubble wrap are some common examples that protect goods during transport. Before a parcel arrives safely at the consumer’s door, it has already left a trail of environmental destruction in its wake. And all too often, this excess...
What does CARM Release 2 mean for importers into Canada? CARM Release 2 is a significant milestone in CBSA's efforts to modernize and streamline the customs and trade process, aimed at enhancing efficiency and security in the importation of goods into Canada. With the implementation date ...
But not everything is rosy in the world of eCommerce. There are definitely some powerful advantages involved in selling your goods online, but there are also a few disadvantages and hurdles you need to overcome to scale your business.
For more information about these above principles, visit theWorld Fair Trade Organisationpage on this subject. In essence, fair trade is the trading of goods under the above regulations to ensure fairness and economic growth in the communities of the producers. ...
Sporting goods Due to its lack of heat retention and high breathability, COOLMAX is a popular fabric for the pads on bicycle seats, which are called cycling pads. While less popular in terms of the sheer number of units sold, COOLMAX is also commonly used to make saddle pads, which cushi...
Also known as a customs warehouse and run by the local government, it’s a way for businesses to bring products in or out of the country without paying tax or import duties.Distribution centerAn international distribution center is different from traditional warehousing. A warehouse stores goods,...
A trade deficit can occur for several reasons, but typically a country has a deficit when it's unable to produce enough goods for its consumers and businesses, possibly due to a lack of resources. For example, Canada exports seafood, oil, and lumber, while China exports electronics, clothing...
To export goods, countries may need to incur high transportation costs and the risk of loss due to the transportation of goods. If ownership of the goods does not pass to the buyer until the goods are received, this may make the exportation unduly risky for the exporter. Because of logisti...