Tuesday, February 4, 2014

Exports From USA to Canada, An Interesting Exception

Google the cited source, but the point is interesting...
Per the Foreign Trade Regulations, Subpart D, §30.36, non-licensable exports to Canada are exempt from export filing requirements because of our arrangement to exchange import data with Canada. Thus most U.S. exports to Canada are only reported to Canadian Customs as imports, and Canada in turn provides the details of these transactions to my agency for us to tabulate the export statistics. In the same way, our counterparts in Canada receive from us data about Canadian exports to the U.S. (U.S. imports).
I guess it has to do with efficiency, why have USA count outbound and Canada count it again inbound...

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