What are international sanctions? What are primary and secondary sanctions? What are extraterritorial effects and how will that impact multinational operations? The changing international sanctions regulations produce dizzying regulatory landscape, and complex as well as confusing compliance environment. To help lift the curtain a bit on this topic, Trade Practitioner José María Viñals (partner, Madrid/Brussels), also … Continue Reading
On October 13, 2020 the World Trade Organization (WTO) issued its latest ruling in the long-standing Boeing-Airbus dispute, granting the EU the authority to impose compensatory tariffs totaling up to US$4 billion on US goods in response to allegedly illegal subsidies provided to Boeing. Once again, US exporting companies find themselves in the crosshairs, as … Continue Reading
Singapore – Official Head of State Visit. On Tuesday, 2 August, President Obama and Prime Minister Lee met in Washington to discuss bilateral relations between their two countries. The White House released a joint U.S.-Singapore statement detailing cooperative efforts to: (1) support robust economic cooperation and commercial connectivity and drive innovation; (2) enhance security and … Continue Reading
The restrictive measures include a ban on the import of coal, iron and iron ore from North Korea, a blanket restriction on opening new branches, subsidiaries or representative offices of North Korean banks, and an obligation for Member States to expel North Korean diplomats engaged in certain activities. Council Decision 2016/476 amends Decision 2013/183/CFSP. On a related note, China … Continue Reading
China’s insatiable appetite for vitamins and supplements is pumping billions of dollars into the Australian economy, with thousands of online shoppers snapping up products from leading Australian and New Zealand brands Blackmores, Swisse Wellness, Vitaco and Bellamy’s. Baby formula exports have become a lucrative business, thanks to the end of China’s one child policy and … Continue Reading
Trade Practitioner will co-lead a practical interactive workshop on How to Meet Increasingly Complex Valuation Challenges on January 20, 2016, preceding American Conference Institute’s 10th Advanced Forum on Import Compliance & Enforcement. Chris’ session aims to make sense of and provide guidance on a range of Customs valuation issues that import compliance professionals encounter on a daily basis. For … Continue Reading
Due to a short work week last week in observance of the US Thanksgiving holiday, below is a lighter than usual version of Trade Talk. Congressional Priorities for the Remainder of 2016. The U.S. Congress is in recess this week, in observance of the Thanksgiving holiday. Both chambers will reconvene on Monday. When Congress returns it … Continue Reading
President Putin has signed a decree calling for the destruction of western food imports. This follows a ban imposed by Russia earlier in the year in retaliation for sanctions imposed by the EU and US. The ban on imports covers fruit, vegetables, meat and cheese.… Continue Reading
The renewal of the Generalized System of Preferences (GSP) program became effective on 29 July 2015. The GSP renewal has retroactive effect for the period during which it lapsed (1 August 2013 through 28 July 2015), and US Customs and Border Protection (CBP) recently provided notice that it will begin processing refunds on duties paid … Continue Reading
