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Nearly half of companies investigating the origin of their conflict minerals in 2015 were successful, up significantly from the year before, according to a recent report from the Government Accountability Office. The findings come as the SEC considers whether conflict minerals disclosure requirements should be scaled back.
Doug Hassebrock, director of the BIS Office of Export Enforcement, told the agency’s Regulations and Procedures Technical Advisory Committee that in determining the size of the penalty BIS considered not only the value of the transactions at issue but also the nature of the company’s behavior (e.g., knowing and willful evasion of export laws and regulations).
President Trump has issued an executive order directing federal authorities to step up the collection of antidumping and countervailing duties and the prosecution of trade and customs law violations. Importers should act quickly to review their processes, practices, and entry data to identify potential trade compliance risks. Reporting and correcting any violations that may be discovered could mitigate negative consequences.
A regulatory requirement slated to take effect April 19 imposes new support documentation requirements on exports of specific controlled items to or through Hong Kong. The Bureau of Industry and Security recently provided additional information about these requirements.
Unlike recent commissioners selected from law enforcement backgrounds outside CBP, McAleenan has substantial experience with both trade facilitation and enforcement from within the agency.
The letter was reportedly sent to the leaders of the House and Senate trade oversight committees for review before it is formally submitted, which press sources say could take place in the next week or so. Negotiations could begin as early as 90 days after that notification.
Trade irritants and the expansion of economic ties were among the topics of discussion at a meeting held under the U.S.-Vietnam Trade and Investment Framework Agreement this week in Hanoi.
Steven Brotherton, who leads Sandler, Travis & Rosenberg’s Export Controls and Sanctions practice, was recently reappointed to a four-year term with the Bureau of Industry and Security’s Regulations and Procedures Technical Advisory Committee.
The Department of State is seeking input from stakeholders no later than April 28 to inform recommendations of how best to support responsible sourcing of tin, tantalum, tungsten, and gold (known as conflict minerals).
While the associations previously sought expanded eligibility from the Obama administration by emphasizing the benefits for BDCs, the March 20 letter they sent to Trump focuses on his stated intent to use trade policy to more aggressively boost domestic employment and economic growth.
The European Commission is proposing to increase from 0.45 percent to 4.3 percent, effective May 1, the EU’s retaliatory duty on women’s and girls’ jeans classified under HTSEU 6204.62.31 that are made in the United States.
U.S. Customs and Border Protection is beginning to consider possible changes to the minimum security criteria under the Customs-Trade Partnership Against Terrorism, which has now been in place for more than 15 years.
The FY 2016 figures show that about twice as many targeted factories reported some sort of illegal transshipment-related problem as in FY 2015. In addition, the FY 2016 figures for trade preference violations were the highest since FY 2007.
Citing continued requests from the trade community to improve the timeliness of U.S. Customs and Border Protection’s issuance of rulings and decisions, as well as the possibility that the Trump administration’s emphasis on enforcement and regulatory change could pose greater demands, the Commercial Customs Operations Advisory Committee approved March 1 a number of recommendations designed to improve the CBP ruling submission and issuance process.
Three associations representing aluminum producers along the whole value chain in the U.S., Europe, and Canada are urging G-20 leaders to create a global forum on aluminum excess capacity at the July 7-8 summit in Hamburg, Germany.