glossary
EDC – see Export Development Canada
EICB – see Export Import Controls Bureau
Export Development Canada (EDC)
Export Development Canada provides Canadian exporters with financing, insurance and bonding services as well as foreign market expertise. http://www.edc.ca
Export Import Controls Bureau (EICB)
The Export and Import Controls Bureau (EICB), part of
Foreign Affairs and International Trade Canada, authorizes
the import and export of goods restricted by quotas
and/or tariffs. http://www.dfait-maeci.gc.ca/eicb/menu-en.asp
EXW – see under “Incoterms”
FAITC – see Foreign Affairs and International Trade
Canada
FAST – see Free and Secure Trade
FOB – see under “Incoterms”
Foreign
Affairs and International Trade Canada (FAITC)
Foreign Affairs and International Trade Canada ensures
that Canada's foreign policy advances Canada's national
interests, strengthens rules-based trading arrangements
to expand market access at all levels; and works to achieve
increased economic opportunity and enhanced security for
Canadians at home and abroad. http://www.international.gc.ca/
Free and Secure Trade (FAST)
The Free and Secure Trade program is a joint Canada–United
States initiative involving the Canada Border Services
Agency and the U.S. States Customs and Border Protection.
FAST supports moving pre-approved eligible goods across
the border quickly, and verifying trade compliance away
from the border. http://www.cbsa-asfc.gc.ca/prog/fast-expres/
menu-eng.html
Free Trade Area of the Americas
(FTAA)
FTAA is a proposed agreement to eliminate or reduce
the trade barriers among all countries in the Americas.
Brazil has proposed a measured, three-track approach
that calls for a series of bilateral agreements to reduce
specific tariffs on goods, and a hemispheric pact on
rules of origin and dispute resolution processes. http://www.alca-ftaa.org
FTAA – see Free Trade Area of the Americas
GATT – see General Agreement on Tariffs and Trade
General
Agreement on Tariffs and Trade (GATT)
The General Agreement on Tariffs and Trade (GATT) covers
international trade in goods. The Goods Council has 10
committees dealing with specific subjects (such as agriculture,
market access, subsidies, and anti-dumping measures).
http://www.wto.org/english/tratop_e/gatt_e/gatt_e.htm
Goods
and Services Tax (GST)
GST is a federal tax, applicable to most purchases in
Canada. http://www.cra-arc.gc.ca/tax/business/
topics/gst/menu-e.html
GST – see Goods and Services Tax
Harmonized
System (HS)
The Harmonized System (HS) code is an international method
of classifying products for trading purposes. This classification
is used by customs officials around the world to determine
the duties, taxes and regulations that apply to the product.
Statistics Canada allows you to search by HS code or commodity
at http://www.statcan.ca/trade/scripts/trade_search.cgi
