March 24th, 2016
In its 2016 budget the Government of Canada announced that will eliminate tariffs on about a dozen manufacturing inputs, providing an estimated $9 million in tariff relief over the next five years to Canadian manufacturers in the consumer goods and transportation sectors. No specific details were provided in the budget documents about the eligible inputs. We will publish further information as soon as it becomes available.
The Government also announced its intention to launch public consultations on eliminating tariffs on food manufacturing ingredients other than supply-managed products.
The budget also proposes to waive the 25 per cent tariff on ferry ships of all sizes imported after October 1, 2015 to help ferry operators, such as those from Newfoundland and Labrador, to reinvest the savings in their fleet renewal plans.
The Government also advises, through the budget documents, that it is taking steps to improve its ability to effectively remedy dumped and subsidized imports, including through specific legislative amendments. Further, the Government will consult stakeholders to ensure that Canada's trade remedy system offers Canadian businesses the ability to respond to changing global trade conditions.