Plastics exporters to benefit from EU-Canada trade deal
European Union and Canadian plastics exporters are to benefit from a new free trade deal. Once the Comprehensive Economic and Trade Agreement (CETA) has been ratified (probably in 2015), it will lead to all existing non-food duties imposed on good traded between the parties being scrapped.
This will mean an end to 6.5 percent duties levied by the EU and Canada on imports of each other＇s plastic tubes, pipes and hoses, and fittings; plastic floor coverings; lavatory seats and covers; plastic sacks and bags; and tableware, kitchenware and other household articles.
Also being scrapped is the 2-6.5 percent levy charged by Canada on EU plastic self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes; and the 6.3 percent duties charged by the EU on these products when made in Canada. And the 3 percent duties charged by Canada on EU exports of melamine resins, and the 6.5 percent duties charged by the EU on Canadian exports of the same, will go.
European Commission president José Manuel Barroso said: "This agreement will provide significant new opportunities for companies in the EU and in Canada by increasing market access for goods and services."
The EU already sells substantial volumes of plastics to Canada. In 2012 it exported US$49.4 million worth of plastic plates, sheets, film, foil and strip; US$45.2 million worth of plastic tubes, pipes and hoses, and fittings. It also sold US$7.2 million worth of plastic tableware and kitchenware.
As for Canadian exporters, in 2012 they sold US$33.1 million worth of plastic plates, sheets, film, foil and strip to the EU, and US$8.9 million worth of plastic tubes, pipes and hoses, and fittings; and US$2.1 million worth of tableware and kitchenware, for instance.
- June 25, 2018Due to the raw material price of titanium dioxide still keep in rising, and China government pressure on environmental protection all the time. China titanium dioxide suppliers make a new price incre...view
- September 6, 2017Ishihara Sangyo Kaisha, Ltd. and its affiliates have announced a price increase of Tipaque® titanium dioxide (TiO2) by US$250 per metric ton in the Asia-Pacific region effective as from July 1st, ...view
- January 10, 2018Titanium Dioxide is a white powder pigment of good quality, which has advantages of good light scattering ability, good whiteness, high tinting strength, and strong covering power, at the same time i...view
- January 10, 2018It is expected that the whiteness of titanium dioxide could be higher during the process of both production and customer using. According to the empirical analysis, when the whiteness of the titanium...view
- January 10, 2018In recent years, the needs for titanium dioxide has been on the rise continuously in the world. With the continuous subdivision of global market of titanium dioxide, the market demand is increasing gr...view
- January 10, 2018The plastic industry is the second largest user of titanium dioxide. Generally, the consumption of titanium dioxide in the plastic field accounts for 20% of the consumption of titanium dioxide in the ...view