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A total of nearly 5,000 OTIs will need to renew their licenses, a process that will take place over three years with approximately 160 renewals per month. Failure to renew an OTI license could result in its revocation or suspension.
Canadian Foreign Minister Chrystia Freeland and Mexican Foreign Minister Luis Videgaray emphasized that NAFTA is a three-nation agreement and that any changes would have to be addressed in three-way negotiations.
A recent study published by the Centers for Disease Control and Prevention finds that the number of reported disease outbreaks associated with imported foods has increased in both absolute and relative terms over the past 20 years.
Interested parties have only one more week to submit comments to the International Trade Commission on petitions seeking duty suspensions or reductions under the miscellaneous trade bill process revised and reinstated by the American Manufacturing Competitiveness Act of 2016.
In addition to retaining the parts of NAFTA that work, the paper recommends that Trump modernize the agreement to take advantage of new technologies, expand it to encompass sectors excluded from the original deal, and eliminate counterproductive provisions that are detrimental to U.S. interests.
The U.S. and Canada announced plans for further trade-related cooperation Feb. 13 while downplaying the prospect of significant changes to NAFTA, which President Trump has said he wants to renegotiate.
During the upcoming conference call committee members are expected to deliberate and vote on separate letters outlining priority recommendations for the Trump administration and recommendations for NAFTA negotiations.
As the U.S., Canada, and Mexico begin preparing for a renegotiation of NAFTA that could get underway this spring, Canadian officials are signaling that while they are open to changes they also intend to staunchly defend the country’s interests.
A recent Government Accountability Office report finds that a lack of reliable data has challenged U.S. Customs and Border Protection’s ability to effectively manage the Customs-Trade Partnership Against Terrorism. CBP responded that it is taking steps to address the shortcomings identified, including developing a new reporting tool.
More than a dozen companies and trade associations have indicated their support for a new Federal Maritime Commission rule or policy preventing marine terminal operators and ocean carriers from charging unfair demurrage and detention fees when uncontrollable incidents such as storms and strikes keep cargo from being picked up from ports on time.
Acting Securities and Exchange Commission Chairman Michael Piwowar has directed SEC staff to consider further relief from the SEC’s conflict minerals rule. Interested parties are encouraged to submit detailed comments to the SEC by March 17.
The lawmakers argued that the freeze runs contrary to Trump’s campaign vow to make enforcement the center of his trade reform plan, particularly given the additional enforcement responsibilities conferred on federal agencies by the Trade Facilitation and Trade Enforcement Act of 2015.
U.S. officials characterized the license as a technical fix designed to ameliorate an unintended impact on U.S. businesses from economic sanctions imposed on Russia by the Obama administration.