Canada–Korea Economic Growth and Prosperity Act (S.C. 2014, c. 28)
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Assented to 2014-11-26
PART 2RELATED AMENDMENTS
1997, c. 36Customs Tariff
52. Section 79 of the Act is amended by adding the following after paragraph (m):
(n) subsection 74(1);
(o) subsection 74(2).
53. Section 87 of the Act is amended by adding the following after subsection (2):
Marginal note:Goods of tariff item No. 9971.00.00
(3) Despite subsection 20(2), the value for duty of goods of tariff item No. 9971.00.00 that are entitled to the Korea Tariff is the value of the repairs or alterations made to those goods in Korea.
Marginal note:Limitation
(4) Subsection (3) ceases to have effect on the day before the day that is 10 years after the day on which this subsection comes into force.
54. (1) Paragraph 133(j) of the Act is amended by adding, in alphabetical order, a reference to “Korea” in the list of countries.
(2) Paragraph 133(j.1) of the Act is amended by adding, in alphabetical order, a reference to “Korea” in the list of countries.
55. The List of Countries and Applicable Tariff Treatments set out in the schedule to the Act is amended by adding, in the column “Tariff Treatment / Other”, a reference to “KRT” opposite the reference to “South Korea”.
56. (1) The List of Tariff Provisions set out in the schedule to the Act is amended by
(a) adding in the column “Preferential Tariff / Initial Rate”, above the reference to “GPT”, a reference to “KRT:”;
(b) adding in the column “Preferential Tariff / Final Rate”, above the reference to “GPT”, a reference to “KRT:”;
(c) adding in the column “Preferential Tariff / Initial Rate” a reference to “Free” after the abbreviation “KRT”, and adding in the column “Preferential Tariff / Final Rate” a reference to “Free (A)” after the abbreviation “KRT”, for all tariff items except those tariff items set out in Schedules 1 and 2 to this Act;
(d) adding in the columns “Preferential Tariff / Initial Rate” and “Preferential Tariff / Final Rate”, a reference to “N/A” after the abbreviation “KRT” for those tariff items set out in Schedule 1 to this Act; and
(e) adding in the columns “Preferential Tariff / Initial Rate” and “Preferential Tariff / Final Rate” after the abbreviation “KRT”, for each tariff item set out in Schedule 2 to this Act, the rates of duty and staging categories set out with respect to that tariff item in that Schedule.
(2) The Description of Goods of tariff item No. 9971.00.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by adding, in alphabetical order, a reference to “Korea” in the list of countries.
(3) Note 1 to the Description of Goods of tariff item No. 9971.00.00 in the List of Tariff Provisions set out in the schedule to the Act is replaced by the following:
Note 1: The Iceland Tariff, Korea Tariff, Norway Tariff and Switzerland–Liechtenstein Tariff rate of customs duty applicable to goods classified under this tariff item shall be, in respect of the value of the repair or alteration to the goods carried out only in Iceland, Korea, Norway, Switzerland or Liechtenstein determined under section 87 of this Act, in accordance with their classification in Chapters 1 to 97.
(4) The Description of Goods of tariff item No. 9990.00.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by adding, in alphabetical order, a reference to “Korea” in the list of countries.
(5) The Description of Goods of tariff item No. 9992.00.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by adding, in alphabetical order, a reference to “Korea” in the list of countries.
2005, c. 34; 2013, c. 40, s. 205Department of Employment and Social Development Act
Marginal note:2014, c. 14, s. 49
57. Subsections 19.1(1) and (2) of the Department of Employment and Social Development Act are replaced by the following:
Marginal note:Crediting to Labour Cooperation Treaties Account
19.1 (1) All moneys received by Her Majesty as a result of a monetary assessment by a panel determination under a treaty, or chapter of a treaty, respecting labour cooperation referred to in the schedule shall be paid into the Consolidated Revenue Fund and, if required under the treaty, credited to a special account in the accounts of Canada to be known as the Labour Cooperation Treaties Account.
Marginal note:Additional credits to Account
(2) If an amount is assessed against Canada by a panel determination under a treaty, or chapter of a treaty, respecting labour cooperation referred to in the schedule, an amount equal to that amount shall be credited to the Account if the Account has been designated for the purposes of the treaty in accordance with its provisions.
58. The schedule to the Act is amended by adding the following in alphabetical order:
Chapter 18 of the Free Trade Agreement between Canada and the Republic of Korea, done at Ottawa on September 22, 2014, as amended from time to time in accordance with Article 23.2 of that Agreement.
PART 3COORDINATING AMENDMENTS AND COMING INTO FORCE
Coordinating Amendments
Marginal note:2014, c. 20
59. (1) In this section, “other Act” means the Economic Action Plan 2014 Act, No. 1.
(2) If section 366 of the other Act comes into force before the day on which this Act receives royal assent, then any reference to “trade-mark” in sections 17 to 21 of the English version of this Act is replaced with a reference to “trademark”.
(3) If section 366 of the other Act comes into force before the day on which this Act receives royal assent, then section 19 of the English version of this Act is amended by replacing “Trade-marks” with “Trademarks”.
(4) If section 366 of the other Act comes into force on the day on which this Act receives royal assent, then this Act is deemed to have received royal assent before the day on which that section 366 comes into force.
Marginal note:SOR/2013-163
60. If section 2 of the Order Amending the Schedule to the Customs Tariff (Raw Cane Sugar) and subsection 56(1) of this Act come into force on the same day, then that section 2 is deemed to have come into force before that subsection 56(1).
Coming into Force
Marginal note:January 1, 2015 or order in council
61. This Act, other than sections 59 and 60, comes into force on January 1, 2015 unless, before that day, the Governor in Council makes an order fixing a day that is after January 1, 2015 as the day on which this Act comes into force.
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