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The ruling was issued nearly three years after China filed the case challenging the Department of Commerce’s conduct of antidumping proceedings involving dozens of goods from China accounting for a reported $8.4 billion in annual sales in the U.S. market. U.S. trade officials said they are “disappointed” with the decision, which could be appealed.
The Treasury Department has added Switzerland to a monitoring list that already included China, Japan, Korea, Taiwan, and Germany in its second enhanced report on foreign exchange policies. The report again concludes, however, that no major U.S. trading partner is manipulating the value of its currency for a trade advantage.
Prominent attorney Steven Brotherton, a respected authority on export controls and economic sanctions, has joined international trade law firm Sandler, Travis & Rosenberg, P.A. as the firm’s Export Controls & Sanctions Practice leader. He will manage the firm’s export practice from ST&R’s San Francisco office.
The Office of Foreign Assets Control and the Bureau of Industry and Security are amending the Cuban Assets Control Regulations and the Export Administration Regulations, effective Oct. 17, to further normalize relations between the U.S. and Cuba.
Petitions must be submitted electronically via the ITC’s designated secure web portal and may be filed by members of the public who can demonstrate that they are likely beneficiaries of such changes.
The first antidumping and countervailing duty cases against Canadian softwood lumber products in a decade could be filed as early as this week after the U.S. and Canada missed an Oct. 12 deadline for reaching a new agreement.
The first miscellaneous trade bill process in six years is set to get underway Oct. 14 when the International Trade Commission starts accepting public petitions for import duty suspensions or reductions as directed by the MTB reform bill approved by Congress and signed into law earlier this year. Each approved duty modification can result in savings of up to $500,000 per year.
The Department of Homeland Security is requesting public input by Nov. 10 on existing significant regulations, including customs and international trade rules, that it should consider as candidates for streamlining or repeal.
CBP encourages stakeholders to closely examine their supply chains to ensure that imported goods are not produced with prohibited forms of labor. A recent agency fact sheet lists steps that can assist companies in this effort.
The Federal Maritime Commission recently provided the following information concerning cargo being transported by Hanjin Shipping, a major ocean carrier that has declared bankruptcy.
A global provider of pharmaceutical and consumer health care products has agreed to pay $20 million to settle charges that it violated the internal controls and books and records provisions of the Foreign Corrupt Practices Act when its China-based subsidiaries engaged in pay-to-prescribe schemes to increase sales.
The “Shifts in U.S. Merchandise Trade 2015” report focuses on changes in U.S. exports and imports of agricultural and manufacturing goods and key natural resources as well as changes in U.S. trade with Brazil, Russia, Canada, Mexico, and parties to the ongoing Regional Comprehensive Economic Partnership negotiations.
If this projection is realized, 2016 will mark the sixth consecutive year in which annual trade growth has been below three per cent and the slowest pace of trade growth since the global financial crisis reached its peak in 2009.