With regards to regulation concerning exports and imports, which of the following statements is true?

Question

Quizplus · Accepted Answer

Imports coming into Canada are primarily regulated by the Customs Act, which sets out the requirements for the release and clearance of imported goods into Canada. This includes the payment of duties and taxes, and compliance with regulations such as health, safety, and environmental standards. While there are also federal statutes that affect exports, the statement in option B that there is a larger number of statutes affecting exports than imports is not accurate. Option C is also incorrect, as customs officials have significant enforcement powers when it comes to imported goods. Finally, option E is also wrong, as NAFTA (the North American Free Trade Agreement) regulates both exports and imports between Canada, the United States, and Mexico.

With Regards to Regulation Concerning Exports and Imports, Which of the Following