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years exclusive focus on customs & trade compliance software solutions

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countries on 6 continents in productive usage for customs filing

150+

countries covered with Global Trade Content Services

250+

free trade agreements in productive usage for automated origin calculation

Events 23 - 25 April 2024 | Dublin, Ireland
Events 25 - 26 April 2024 | Munich, Germany

China and Canada pledge support for FTA despite lack of progress on formal talks

Origin Calculation | | MIC Customs Solutions |

Canada and China have affirmed their commitment to a new trade agreement, but efforts to secure the start of formal talks on a deal have continued to prove fruitless.


The governments of China and Canada have failed to secure a date to commence formal talks over a new free trade agreement (FTA) between the two countries.

Canadian prime minister Justin Trudeau has completed a visit to Beijing to speak with China's state council premier Li Keqiang, during which a number of partnership agreements were confirmed, but an official plan for negotiating a new FTA remained out of reach.

Although the meeting yielded a new joint statement on climate change and clean growth, a pledge to increase collaboration on agriculture and tourism, and a fresh pledge to tackle the opioid threat, the leaders remain unwilling to commit to anything more on trade beyond a continuation of "exploratory discussions" towards a comprehensive trade deal.

The prime minister explained that Canada wants to ensure that any trade deal conforms to its progressive ideals with the inclusion of specific chapters on gender, environmental and labor issues, while China is keen to set a positive precedent for what would be its first trade deal with a G7 country.

Mr Trudeau said: "I look forward to continuing discussions towards a comprehensive trade agreement, which will open up greater opportunities for people on both sides of the Pacific."

Francois-Philippe Champagne, Canada's minister of international trade, added: "Increasing trade and investment with our partners in the Asia-Pacific region is essential if we are to create long-term prosperity and an economy that creates jobs and works for the middle class."

China is currently Canada's second-largest trading partner, with Canadian merchandise exports to China reaching almost $21 billion (€17.82 billion) in 2016, an increase of four per cent over 2015. Top exports included forest and agricultural products, copper and iron ores, and motor vehicles.


Software Solutions
MIC - Customs and Trade Compliance Software Solutions worldwide

Multinational companies are facing greater compliance challenges when addressing the continuously evolving international legal requirements. Customs and trade compliance management has a significant impact on production location and purchasing decisions, delivery times, cost savings and competitive advantages. Thus, it is crucial to establish processes that are accurately, effectively, and efficiently managed utilizing proven global IT solutions.

The international requirements for companies regarding customs and trade compliance management are complex and subject to ongoing legal changes covering a multitude of topics, such as: Correct product classification, compliance with export control regulations, numerous sanction list screenings, calculation of origin based on ratified free trade agreements, supply chain security initiatives, and management of special customs regimes as part of the import and export clearance processes. In addition, country-specific legal requirements that include legislative and technical changes make it increasingly difficult to completely fulfill the requirements of international customs and trade compliance.

A partnership with MIC strengthens a company’s ability to deal with the daily operational challenges of international customs and trade compliance management. MIC has a trendsetting Global Trade Management (GTM) software solution that allows companies to standardize and automate their customs and trade compliance processes. MIC’s software solution is available on 6 continents and can be configured according to the company’s specific needs to significantly improve legal compliance, thus saving time, money, and eliminating future business disruptions.

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Software as a Service (SaaS) / Cloud

MIC provides the software via its data center infrastructure. On request, a MIC partner can take over the daily operational handling (managed services).

Low investment expenses and “pay per use” cost savings, as well as reduced time to value.

Customs Filing

Automated electronic export and import customs clearance processes, including special customs regimes and inventory management: Import, Export, Transit, Inward & Outward Processing Relief, Bonded Warehouse, Foreign Trade Zones, Intrastat, Central Clearance – SASP, EMCS and more. “We do the last mile!”

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Central Classification

Global part master data management with increased degree of automation in customs tariff & export control classification of products based on regularly updated national customs tariffs and export control commodity lists.

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FTA Management

Automated preferential and non-preferential origin calculation for 250+ free trade agreements as well as electronic exchange of customer supplier declarations. Management of supplier declarations via supplier web portal.

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Export Controls

Central export control check of business transactions, including sanctioning list check, embargo check, end-user / end-use check, determination of approval requirements and management of approvals.

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Global Implementations

There are various customs regulations and requirements programs throughout the world. Examples include ACE, FTZ and Duty Drawback in the USA, IMMEX in Mexico, the Union Customs Code (UCC) in the EU (and its various national characteristics), the Free Zone in Thailand, and the China Single Window. All of these have the objective of making customs procedures simpler, more modern and more efficient.

MIC Global Trade Management (GTM) software helps companies maintain international visibility and to take advantage of these program changes in legislation. We know the intricacies of national and regional customs and export control requirements. Our software takes account of the respective regulations and uses similarities in global customs and export control law. This is done in 55+ countries on 6 continents with regularly updated trade content for 150+ countries. In addition, our data analytics & visualization tool enables improved decision making by identifying optimization potentials and supply chain trends across global customs and trade compliance processes. As a result, global business processes can be designed and automated more efficiently. This not only increases compliance, but also saves time, money and increases global competitiveness.

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