Friday, October 7, 2011

Canada Defends Trade Policies Against FMC Inquiry

(Journal of Commerce Online – R.G.Edmonson)

Study looks at whether HMT revenue is lost due to diversion of U.S. imports to Canadian ports

The Canadian government said it will “vigorously defend” its trade policies and infrastructure investments against any of the findings of a Federal Maritime Commission study looking into the diversions of U.S. imports to Canadian ports.

Gerald Keddy, parliamentary secretary to Minister of International Trade Ed Fast, said on Wednesday the Canadian government has invested in its port infrastructure as part of “an ambitious pro-trade, low-tax plan that is creating jobs and economic growth.” The FMC earlier approved an inquiry into whether the U.S. is losing Harbor Maintenance Tax revenue from American imports, particularly from those diverted through the Port of Prince Rupert, B.C. Read more here.