Could be wrong but looks like ITA (Information Technology Agreement) expansion eliminates tax tariffs for cameras/camcorders. In other words: Camera manufacturers all over the world don't have to limit recording times to 29:59 anymore to avoid cams treated as camcorders (= add tax). Effective July, 1st.
https://www.wto.org/english/news_e/news16_e/ita_20apr16_e.htm
See Item 080 in attachment A:
http://www.heise.de/downloads/18/1/8/4/2/5/4/3/25.pdf
"080, 852580, Television cameras, digital cameras and video camera recorders "
Wow! If true it would be nice if Canon could release new firmware updates that remove this limitation.
Slashcam is trying to get behind it ...
No firmware updates due, though.
German only, sorry. Autotranslated version sucks ...
https://www.slashcam.de/news/single/Zollabgaben-fuer-Camcorder-sinken----Aufnahmelimits-12985.html
This is fascinating, i had no clue about taxes for camcorders. Has this changed in the year since this was posted?