Compliance at the border is an ever-changing and complex exercise and as any trade professional knows, it is important to get it right. Penalties for incorrect reporting and non-compliance can be severe, impacting your reputation and potentially your company’s bottom line.
For many trade professionals, our powerful border compliance software, BorderWise, is their daily go-to for the information they need to do their job with accuracy and speed.
In a single window it brings together a range of cross-border data – including the Canada Customs Tariff, import and export controls, Free Trade Agreements, and government requirements, Acts and regulations – along with a daily updates dashboard with real-time updates from government agencies and authorities.
Featuring comprehensive reference libraries for various countries including Australia, New Zealand, South Africa, the United States, and now Canada, BorderWise also has intelligent search capabilities powered by natural language processing, so you can quickly find and bookmark relevant information.
Streamlining compliance obligations in Canada
BorderWise’s Canadian library is now live, with hundreds of important reference materials including the local Harmonized Commodity Description and Coding System, Free Trade Agreements, their Rules of Origin, and much more.
Despite a challenging year – ranging from ongoing pandemic restrictions to interrupted production – Canada’s trade and investment recovery has displayed remarkable resilience.
For example, Canada's two-way trade in goods and services rose 14.1% in 2021 to reach a new record high of $1.5 trillion. This robust growth was driven by exports of goods and services to the US, which expanded by 23.9% to reach $550 billion1.
Looking ahead, many believe an important tool to support Canada’s economic recovery is its vast network of Free Trade Agreements, which cover 61% of the world's GDP in 51 countries and opens doors to close to 1.5 billion consumers.
Comprehensive and reliable information at your fingertips
According to the Honorable Mary Ng, Canada’s Minister of International Trade, Export Promotion, Small Business and Economic Development, as the country moves into the “subsequent recovery phase, Canadian businesses and exporters will need to be as nimble as ever2.”
Keeping up with ever-changing cross-border requirements and regulations from Canada Border Services Agency and other partner government agencies can be complex and requires knowledge of the numerous measures and laws that apply.
Here’s three ways BorderWise can help you avoid delays and fines, and meet customer expectations amid complicated border requirements.
Increase productivity: In a single window, access the full breadth of World Customs Organization publications, including Harmonized System and Valuation Principles, country specific law, global free trade agreements, D Memoranda, Advance ruling of Tariff Classification, treaties and more.
Minimize risks: In a single search, you can validate commodity classification and duty rates, precedents, rulings and court cases, and ensure you’ve correctly classified your goods and met all regulatory requirements. What’s more, BorderWise’s tariff classification audit trail means you can reduce non-compliance risks and get importers to sign-off on important documentation before goods are entered for customs.
Save time: Don't waste precious time using outdated or inaccurate information. BorderWise’s daily updates dashboard means you can start your day with a consolidated view of the latest customs updates from government agencies and authorities around the world. Plus, advanced search functionality powered by natural language processing helps you quickly find what you need, even when the exact phrase or technical term doesn’t match.
Get started today
Fully integrated into CargoWise, BorderWise can be used by existing customers to significantly enhance their productivity. It is also available to industry professionals as a standalone application via a monthly license.
There are three editions to choose from – Single Window, Single Window Plus Pro Pack and Global Entries – featuring thousands of trade related legal books, documents and resources.
So don’t risk fines, costly delays or your reputation. Let BorderWise navigate the complex world of border compliance for you.
1State of Trade 2022: The Benefits of Free Trade Agreements, Government of Canada.
2Message from the Minister, State of Trade 2022: The Benefits of Free Trade Agreements, Government of Canada.