October 7, 2016
The World Customs Organization (WCO) adopted amendments to the Harmonized System (HS) nomenclature that will enter into force on January 1, 2017.
Canada, as a contracting party to the International Convention on the Harmonized System Commodity Description and Coding System, participated in the elaboration of these amendments and must now adopt them into its Customs Tariff as of January 1, 2017.
The Department of Finance published an Order-in-Council is to make the necessary changes to Customs Tariff to fulfill Canada's international obligations as a signatory to the Convention.
These amendments will generate important work to update the tariff profiles of every importer in the country.
The Canada Border Services Agency will soon publish the print copy of the new 2017 tariff.
The new version of the HS includes 233 sets of amendments, divided as follows: agricultural sector 85; chemical sector 45; wood sector 13; textile sector 15; base metal sector 6; machinery sector 25; transport sector 18; other sectors 26. Environmental and social issues are a major feature of these amendments.
The changes to the Harmonized System will also apply to the customs tariffs of Canada's major trading partners such as the United States and the European Union, as well as to the customs tariffs of nearly every country in the world.
Link: Order Amending the Schedule to the Customs Tariff (Harmonized System, 2017)