Good news for small businesses that use the low value shipment (LVS) program for North American imports. The Ministers of International Trade and Public Safety along with the United States Department of Homeland Security announced that Canada and the U.S. have increased and harmonized the value thresholds for the LVS to $2,500. This is an increase from the current levels of $1,600 for Canada and $2,000 for the U.S.
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In fall 2011, two Canadian shipyards were selected to rebuild the fleets of the Canadian Navy and Canadian Coast Guard, representing the largest procurement in Canadian history.
