Category: International Trade

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Canadian Sanctions Against Russia

March 31, 2014

  On March 17, 2014, the federal government introduced two new regulations under Canada’s Special Economic Measures Act imposing an asset freeze on senior government officials and other individuals and entities in Russia and Crimea in connection with the recent developments in Crimea. The federal government subsequently amended these regulations to designate additional names, including a number of Russian banks. The Special Economic…

Opening the Asia-Pacific Gateway: Canada-Korea Free Trade Agreement

March 17, 2014

  Nearly 10 years after negotiations first began, the federal government announced on March 11, 2014 that the Canada-Korea Free Trade Agreement (CKFTA) negotiations have come to a close. Beginning in 2005, Canada and the Republic of Korea (Korea) engaged in 14 rounds of negotiations before arriving at terms acceptable to both sides.     BACKGROUND   Canada’s existing ties…

Canada Imposes Asset Freeze against Members of Ukraine’s Former Government

March 7, 2014

  On March 5, 2014, the federal government introduced targeted economic sanctions against the representatives of the former government of Ukraine by regulations made under the Freezing Assets of Corrupt Foreign Officials Act (FACFOA). The Freezing Assets of Corrupt Foreign Officials (Ukraine) Regulations (Ukraine Regulations) impose an asset freeze in respect of the assets of senior officials of the former Ukrainian government and their…

Good News for Canadian Businesses: International and Internal Trade a Priority in 2014 Budget

February 13, 2014

  On February 11, 2014, Minister of Finance Jim Flaherty tabled Economic Action Plan 2014 (Budget 2014) in the House of Commons. In Budget 2014, the federal government outlined a number of significant trade developments that have occurred over the past year, confirmed tariff relief for offshore oil and gas exploration companies, and introduced several new initiatives to ensure that consumers and…

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