Tag Archives: trade

Trump Administration Permanently Lifts Sudan Sanctions

  Sudan Sanctions In 1997, the US imposed a comprehensive trade and investment embargo against Sudan. In January 2017, i.e., in the closing days of the Obama Administration, President Obama announced a six-month suspension of US economic sanctions, citing ongoing dialogue with the Sudanese government and the government’s progress in achieving milestones agreed upon in those negotiations. Specifically, the Obama Administration … Continue Reading

NAFTA Modernization Talks – Round One Completed; Next Stop, Mexico

The first round of 5-day negotiations to modernize the North American Free Trade Agreement (NAFTA) concluded on August 20. In a joint statement released by trade officials from the United States, Mexico and Canada, they restated the commitment to updating the deal, continuing domestic consultations, and working on draft text. They also committed to a … Continue Reading

UK Export Control Symposium 2017 – London, UK – 21 March 2017

The UK government’s Department of International Trade Export Control Organisation (ECO) will put on this year’s Export Control Symposium on Tuesday 21 March at the Westminster Conference Centre. The symposium will include plenary session covering wide ranging global trading issues, four specialist workshops, and networking “village” for delegates and exhibitors.… Continue Reading

Trump Executive Order Withdraws US from Trans-Pacific Partnership (TPP); Action on NAFTA Renegotiation Expected

Following through on one of his campaign promises, on Monday, January 23, President Donald Trump signed a memorandum formally withdrawing the United States from the Trans-Pacific Partnership (TPP) agreement. It is anticipated that President Trump may issue a separate document regarding the United States’ intent to renegotiate the North American Free Trade Agreement (NAFTA) as early as … Continue Reading

Trade Talk: Week in Review (28 November – 4 December 2016)

Iran – Sanctions Measure Advances.  Last week, the Senate passed the Iran Sanctions Extension Act (H.R. 6297) by a vote of 99-0, sending the measure to President Obama’s desk. Members of Congress and Administration officials have said they do not believe renewal of the Iran Sanctions Act (ISA) would violate terms of the nuclear agreement … Continue Reading

Trade Talk: Week in Review (7-13 November 2016)

Donald Trump won the U.S. presidential election against former Secretary of State Hillary Clinton on 8 November in what many are describing as an upset.  President-Elect Trump’s transition team is now tasked with vetting possible Cabinet officials and lower-level appointees, receiving background briefings from the Obama Administration, and crafting policy proposals based on his campaign … Continue Reading

What Does a Trump Trade Agenda Look Like? Here is Our Take

Likely Major Policy Developments   President-Elect Trump will enter the White House facing a dramatic decline in global trade growth. A recent World Trade Organization (WTO) report notes that 2016 marks the slowest pace of trade and output growth since the 2008 financial crisis. WTO Director-General Roberto Azevêdo called slowing trade growth “a wake-up call,” … Continue Reading

WTO Confirms That Russian Import Duties Violate WTO Rules

On 12 August, a WTO dispute settlement panel confirmed that Russian import duties on paper, refrigerators and palm oil violate WTO rules. According to the panel, the import duties exceed those Russia agreed to when it joined the WTO in August 2012. This marks the first case ever decided in the WTO against Russia. The EU has initiated dispute settlement … Continue Reading

Trade Talk: Week in Review (26 September – 2 October)

The U.S. Congress is in recess until after the 8 November elections. JASTA – Congress Overturns the Veto.  Both chambers of Congress voted last week to override President Obama’s veto of the Justice Against Sponsors of Terrorism Act (JASTA; S. 2040), marking the first time lawmakers have successfully overridden a veto during his eight years … Continue Reading

Trade Talk: Week in Review (18-24 July 2016)

U.S. businessman Donald Trump accepted the Republican presidential nomination last week at the Republican National Convention in Cleveland, Ohio.  In his acceptance speech, Mr. Trump called for a “new, fair trade policy that protects our jobs and stands up to countries that cheat.”  He also said that he would “make individual deals with individual countries.  … Continue Reading

Event Alert: Commercial and Legal Implications of a Brexit – A 360° Analysis – Warsaw, Poland – 9 June 2016

Our partners Dr. Jens Rinze (Frankfurt) will give a practical insight into the issues that financial institutions, corporations and other businesses would face if the UK votes for Brexit. This complimentary seminar will take place on 9 June from 4-6 pm in the Squire Patton Boggs Warsaw offices. Topics will include: How would a Brexit work from the legal … Continue Reading

Let’s Talk Trade!

In an unprecedented move, over 60 business leaders from all over the world gathered at the WTO on May 30 as part of the Trade Dialogues event. Business leaders encouraged the WTO to address a variety of issues including electronic commerce, rules to better facilitate services and investment flows, support for micro, small and medium-sized enterprises, … Continue Reading

Trade Talk – Week in Review (23-27 May 2016)

G-7 Leaders’ Declaration.   The G-7 Leaders’ Declaration issued on Friday from Ise-Shima, Japan, touched on topics such as the global economy, trade, maritime security, cyberspace, anti-corruption, infrastructure, global health challenges, climate change and female empowerment.  The Leaders advocated TPP member states ratify the agreement, while also addressing the global excess steel capacity issue, government subsidies … Continue Reading

Trade Talk: Week in Review (18-22 April 2016)

The House Ways and Means Committee marked up a bill (H.R. 4923) last Wednesday that would reform the Miscellaneous Tariff Bill (MTB) process.  The full House will consider the measure this Wednesday under suspension of the rules, which is reserved for non-controversial bills.  The House will also consider the Senate-passed version of the Defend Trade … Continue Reading

Trade Talk – Week in Review (11-15 April 2016)

Global Steel Crisis Examined.  U.S. Trade Representative Michael Froman and Commerce Secretary Penny Pritzker co-chaired a two-day hearing last week on the global steel crisis, where U.S. lawmakers called for a better way to prevent foreign suppliers from flooding the U.S. market with subsidized steel.  While chairing the first day, Ambassador Froman stated that the … Continue Reading

BIS and OFAC Announce Further Amendments to Cuba Sanctions Program

In the weeks preceding the 18 February 2016 agreement between the US and Cuba authorising daily US commercial flights between the two countries, regulators at the BIS and The US Treasury Department’s Office of Foreign Assets Control (OFAC) adopted companion rules easing restrictions on trade with Cuba. The BIS Rule, among other things, amends the … Continue Reading

TPP in the Spotlight

Our firm recently became one of two sponsors of Washington International Trade Association (WITA)’s TPP Series. The series aim to convene diverse stakeholders in the TPP game to discuss various aspects of the ambitious agreement over the next few months. The first event launched on November 19 at WITA’s home in the Ronald Reagan International Trade Center in … Continue Reading
LexBlog