Pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the US Commerce Department announced its annual inflationary adjustments to the maximum civil monetary penalties under its jurisdiction. These include, among others, civil monetary penalties issued under the Export Administration … Continue Reading
On 1 July 2016, the EU extended duty-free treatment to new IT products covered by the Information Technology Agreement (ITA). EU citizens will enjoy cheaper IT goods and the EU industry will pay less for components allowing it to lower production costs and retain production in the EU. … 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 Obama Administration released its 2016 Trade Policy Agenda this week, detailing its trade priorities for the year ahead. Next week, President Barack Obama will welcome Canadian Prime Minister Justin Trudeau to the White House, where the Trans-Pacific Partnership (TPP) deal is one topic expected to be on the agenda. The Senate Finance Committee hosted … Continue Reading
