UPS Applauds Announcement of Bilateral Customs Harmonization for Low Value
Implementation represents concrete step forward to accelerate the speed of
MISSISSAUGA, ON, Jan. 8, 2013 /CNW/ - UPS congratulates the Canadian and U.S.
governments on the announcement of a newer, harmonized customs ceiling for low
value shipments. Harmonized for Canada and the United States, the higher
ceiling aims to ensure that a higher volume of goods can move faster between
the two countries to bolster the trade relationship.
Low value shipments between Canada and the U.S. qualify for expedited customs
clearance. The new harmonized ceiling for Canada and the U.S. is $2,500.
Canada raised its limit from $1,600 to $2,500 CAD while the U.S. has increased
its threshold to $2,500 from $2,000 USD. The change represents the Canadian
government's successful implementation of a key item in the Beyond the Border
Economic Action Plan, which aims to enhance trade through efficient movement
of goods and regulation harmonization at the border.
UPS holds a unique perspective as one of the largest transporters of goods
across the Canada-U.S. border.
"Canadian and U.S. businesses are the true beneficiaries of the Beyond the
Border Action Plan and this change," said Mike Tierney, president, UPS Canada.
"Each day, more than $1 billion worth of goods crosses our common border,
bringing the annual value of traded goods to more than $580 billion. Yet,
every year $16 billion in trade activity has been lost due to border delays.
This change will allow for swifter movement of goods for importers and
exporters of all sizes."
Since its original implementation, the program offering faster clearance for
low value shipments has been successful in ensuring timely movement of
shipments without compromising security. The program expedites release using
the practice of reporting goods to the Canada Border Services Agency (CBSA),
before goods arrive at the border, permitting Customs review/targeting and
fostering a secure trade environment.
Low value shipments are specific to carriers authorized to use the provisions
of the low value shipment processing system, such as UPS, allowing goods to be
released for delivery on the day of arrival.
Canada's Minister for International Trade, Ed Fast, confirmed the government's
commitment to continuing its timely implementation of the Beyond the Border
Action Plan. "Items in the action plan focus on ensuring security at the
Canada-U.S. border while improving processes to positively impact businesses,
travellers, the economy and jobs. This low value shipment customs
harmonization will enhance speed of goods to market, which is a critical
component to a successful trade model."
The efficient and newly harmonized low value shipment process translates into
significant benefits for Canadian importers, including:
-- Improved certainty for delivery of critical goods
-- Improved operational efficiencies and supply chain management
-- Better allocation of resources for CBSA toward higher risk
-- Support of a trade-friendly environment which offers Canadian
importers and exporters opportunities to grow trade activity
with the U.S.
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of
solutions including the transportation of packages and freight; the
facilitation of international trade, and the deployment of advanced technology
to more efficiently manage the world of business. Headquartered in Atlanta,
Ga., UPS serves more than 220 countries and territories worldwide. The company
can be found on the web at UPS.com and its corporate blog can be found at
blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Erick Bauer, APEX Public Relations 416-934-2108 firstname.lastname@example.org
Robyn van Teunenbroek, UPS Canada 905-676-1708 email@example.com
SOURCE: UPS Canada Ltd.
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CO: UPS Canada Ltd.
-0- Jan/08/2013 18:00 GMT
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