Consultations on Foreign Trade Zone-Like Policies and Programs Launched in Canada
February 2, 2012
The following is a 28 December 2011 news release by the Department of Finance Canada:
The Honourable Jim Flaherty, Minister of Finance, today launched consultations to examine Canada’s foreign trade zone (FTZ)-like policies and programs, further to the commitment outlined in Budget 2011, the Next Phase of Canada’s Economic Action Plan.
“We need to ensure that these policies and programs are internationally competitive, effectively marketed and administratively efficient,” said Minister Flaherty. “We look forward to receiving input from stakeholders. Our goal is to have policies and programs that continue to attract investment and provide the greatest economic benefit for Canadians.”
Canada’s tax and tariff policies and national FTZ-like programs provide benefits comparable to those offered by site-specific FTZs in other countries. In recent years, the Government has taken important steps to enhance these tax and tariff advantages, notably by working to make Canada a tariff-free zone for manufacturers and contributing to a single-window pilot project for federal, provincial and municipal services at CentrePort Canada.
Comments can be sent to CSCB cscb@cscb.ca
Source: Department of Finance / distributed by the Canadian Society of Customs Brokers.
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