Tax & Accounting Blog

Trade Between Brazil and Canada – Past, Present and Future (Pt 3)

Trade Between Brazil and Canada – Past, Present and Future (Pt 3)

Mercosur/Canada Free Trade Agreement Mercosur and Canada held exploratory meetings in the past to assess the feasibility of opening formal FTA negotiations, after which resulted public consultations to better understand the Brazilian private sector needs. However, resistance (mainly from Argentina) prevented further serious consideration. On 16 June 1988, Canada attempted to begin negotiations with Mercosur … Read More

Trade Between Brazil and Canada – Past, Present and Future (Pt 2)

Trade Between Brazil and Canada – Past, Present and Future (Pt 2)

Trade Relations Between Brazil and Canada Brazil and Canada are extremely important to each other from a bilateral, regional and multilateral view. Diplomatically, both countries share values, mutual and democratic interests, as well as many similarities, such as support for inclusive growth to promote human rights and democracy, innovation in science and technology, and especially … Read More

Trade Between Brazil and Canada—Past, Present and Future (Pt 1)

Trade Between Brazil and Canada—Past, Present and Future (Pt 1)

Introduction Brazil and Canada have developed and improved their economic relationship throughout the years, particularly in the last couple of years as they’ve strengthened ties and increased the flow of goods and services. The resulting relationship is a strong and dynamic partnership.  Moreover, the numbers confirm their strong ties: in the last decade, trade between … Read More

IMMEX: Cross-Border Opportunities

IMMEX: Cross-Border Opportunities

By November 1st 2006, the Mexican Government had established the IMMEX Program[1] which offers incentives for companies manufacturing and exporting goods in Mexico. The program provides the participants with IVA/IEPS Certification[2] the ability to temporarily import, free of duties (IGI) and VAT (IVA), the necessary production inputs and assets for use … Read More

How Do I Streamline My Classification Process and Minimize Risk?

How Do I Streamline My Classification Process and Minimize Risk?

Blog, Global Trade, ONESOURCE October 21, 2016

Risk is a certainty in any business and increases when it comes to international trade.  In fact, when moving goods internationally, there are a number of areas that can open up a company to business liabilities. Within this international environment, poor compliance practices can bring about delays and possibly penalties and reputational damage. How do … Read More

Import and Export Classification Risks

Import and Export Classification Risks

Blog, Global Trade, ONESOURCE October 14, 2016

Accurate product classification is one of the foundational components for moving product across borders.  In fact, import and export classification influences the basis for nearly every import and export transaction and the resulting tax and tariff assessment and fees levied by Customs and other regulatory authorities worldwide. Selecting the correct product classification is critical for … Read More