Home / Knowledge / News / Apparel/Garments / Canada junks tariffs for Myanmar imports
Canada junks tariffs for Myanmar imports
03
Apr '15
Imports into Canada from Myanmar will now enjoy tariff free status after the Canadian government restored the country’s General Preferential Tariff (GPT) and Least Developed Country Tariff (LDCT).

Myanmar’s eligibility for GPT and LDCT had been removed in 1997 as part of a widespread global response to concerns about human rights violations in the country. The Canada Gazette reported that the government’s order highlighted the fact that in recent years there have been positive developments in Myanmar, notably elections in 2010 that led to a transition to civilian rule, the release of political prisoners, economic reforms, and the introduction of new laws to protect freedom of association and assembly.

The Canadian government said that in light of these positive developments, countries are gradually easing sanctions and normalising trade relations with Myanmar and Canada has already taken a number of actions towards normalising relations with that country. On April 24, 2012, Canada eased economic sanctions taken against Myanmar. Canada has also opened an embassy in Yangon and appointed its first-ever resident ambassador to Myanmar. It said that reinstating GPT and LDCT eligibility for Myanmar is consistent with these actions.

The reinstatement by Canada of GPT and LDCT entitlement for Myanmar will help support the continued progress towards reform in that country. The European Union reintegrated Myanmar into its preferential tariff regime, the Generalized System of Preferences, in 2013.

Based on current trading patterns, it is estimated that annual customs duties foregone by Canada from providing Myanmar with GPT and LDCT eligibility will be approximately $240,000.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search