PCB Global Trade Management

The Trading Post is done for 2024, so we’re taking the opportunity to look back and explore some of the most popular blog posts of the year that was. From the implementation of CARM and understanding bonds to a number one blog that will likely be very important in the months ahead, 2024 has been a year where learning and growth as an importer have never been more critical. Give this one a read, and let us know your favorite blogs from 2024! https://lnkd.in/gYixJidW

With new tariffs potentially on the horizon, it’s time to explore some of the more esoteric options available to importers. In this week’s blog, we dive into Foreign Trade Zones, which are one of the more unique locations that importers can make use of. For all the details on what an FTZ is and whether it will work for your business, be sure to read on. https://lnkd.in/gESGvHsH

Phase VII of the Lacey Act has officially come into effect as of December 1st, 2024, and it has greatly expanded the list of imported items that will now require a Lacey declaration when entering the US. If you are an importer of wood or plant-based goods of any shape or size, please read the regulation update below for more information. https://lnkd.in/g8z2FZCn

The US has announced its intention to impose new 25% tariffs on goods from Canada and Mexico beginning as early as January 20th, 2025. Click below for more information as this story develops. https://lnkd.in/gZBi3Kyv

Please be advised that the CBSA has indicated that the delivery of this month’s statements of account (SOAs) will be delayed until 4:00 PM EST at the latest. Thank you for your patience during this temporary disruption.

Labour Minister Steven MacKinnon has chosen to intervene with binding arbitration in both the Port of Vancouver and the Port of Montreal, attempting to bring an end to the work stoppages on both coasts. While port laborers are expected to return to work beginning in the afternoon of November 14th in Vancouver and the 16th in Montreal, the port workers' unions in both Vancouver and Montreal are contesting this decision. While the situation is being resolved, importers are encouraged to work closely with their freight forwarder to get the latest information at the ports. https://lnkd.in/ghemEvSK

Beginning on November 4th, 2024, the BC Maritime Employers Association (BCMEA) has initiated a lockout at the Port of Vancouver as the negotiation deadline with the International Longshore and Warehouse Union (ILWU) has passed. A lockout of this kind will significantly impact all imports and exports into and out of the Port of Vancouver, and importers are encouraged to be patient as lengthy delays without an established timeline are expected. https://lnkd.in/gwzvSbNQ

I don’t know who this is, but they came to our office and kept telling us that they had a surefire way to avoid dealing with the CARM changes. I might just stick with CARM Payments.

CARM comes into full effect on October 21st, but as the dust begins to settle and the registration process for many Canadian commercial businesses is now completed - what is CARM actually for? And once it goes live, how will this new system affect your business’s imports? In this week’s blog post, we let you know what you need to know, along with an introduction to some of our new services. https://lnkd.in/gGDBVYSd

The motion to defer CARM and appoint an independent 3rd party to implement CARM was defeated 6-5 at the CIIT today. The trade community should prepare for Canada's CCS and CADEX systems to be retired October 4, 2024 at 4 p ET. The blackout will continue through October 21, 2024 at 3 am ET. CARM is scheduled to be implemented October 21, 2024. See customs notice CN-29-24 for more detail. https://lnkd.in/gV76yPwX