Eliminating tariffs on 1,541 tariff items will reduce customs compliance costs, allow for simplification of the tariff structure and eliminate the administrative burden of complying with rules of origin and with drawback regulations related to imports under these tariffs.
Canadian manufacturers and importers of these products
March 5, 2010; ongoing
Department of Finance Canada
This measure will assist Canadian industry by lowering the costs of manufacturing inputs and of machinery and equipment that are imported from outside North America. Tariffs on the affected goods vary from 2 per cent to 15.5 per cent and represent a non-recoverable tax on production inputs and on new investments that companies make in order to enhance their competitiveness and productivity. It also leads to lower administrative burden for importers, particularly with respect to complying with rules of origin and duty drawback regulations.