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.
- July 14, 2020China suppliers announces a new titanium dioxide price increasing $80 in the July,2020 due to raw materials going up ,it's estimated that the market trends get warm furtherlyview
- January 23, 2019Accordingto customs statistics, in December 2018, China's titanium dioxide imports were13,905.98 tons, a decrease of 5.05% year-on-year and a decrease of 23.56%. Thecumulative imports from January to ...view
- April 13, 2021China's titanium dioxide has started a new round of price increasing $150/ton since April 10th,2021 due to titanium concentrate price going up.view
- September 6, 2017Kenmare Resources plc advises that it will announce its Preliminary Results for the 12 months ended 31st December 2013 on 12 March 2014. An analyst briefing will be held at 8:00am BST at the offices o...view
- September 6, 2017Bloomberg reports, "Rubber in Tokyo and Shanghai sank as concern grew that property prices in China will retreat, weakening raw-material demand from the largest consumer. Futures for July delivery on ...view
- July 8, 2019Accordingto customs data, China's tio2 import in May 2019 was about 13,700 tons, adecrease of 30.84% year-on-year and 3.52% month-on-month. Imports of the topthree regions is Taiwan, Australia, Mexico...view