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If this projection is realized, 2016 will mark the fifth consecutive year in which annual trade growth has fallen below three per cent and roughly matched the growth rate of world GDP rather than doubling it as was the case in the 1990s and early 2000s.
The Department of Justice announced April 5 a one-year pilot program designed to motivate companies to voluntarily self-disclose Foreign Corrupt Practices Act-related misconduct, fully cooperate with the Fraud Section of the DOJ’s Criminal Division and, where appropriate, remediate flaws in their controls and compliance programs.
The FDA rule is designed to prevent the physical, chemical or biological contamination of human and animal food during transportation by motor or rail vehicles through practices such as improperly refrigerating food, inadequately cleaning vehicles between loads and failing to properly protect food during transportation.
These changes are likely to be included in the TPP implementing legislation that the White House could submit for congressional approval later this year.
The NTE report covers the most important barriers, including those that may be consistent with international trade rules (e.g., very high tariffs), affecting U.S. exports to 58 countries, the European Union, Taiwan, Hong Kong and one regional body.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, has put together a plan that aims to resume the process of developing and enacting miscellaneous trade bills, which suspend duties on imported inputs and products for which there is no or insufficient domestic production and availability.
Regardless of the mandatory dates, CBP states that filers should be filing all available electronic entries and entry summaries, with or without participating government agency data, in ACE now.
A White House fact sheet notes that these measures aim to support the efforts of Argentinean President Mauricio Macri, who “has quickly implemented economic reforms to begin addressing economic imbalances and deepen Argentina’s integration with the global economy” since he took office in December.
Industry believes that additional coordination and consultation with all affected trade stakeholders is needed for further development and implementation of the RAM system to ensure that legitimate commerce and entries of compliant products are not stopped or unnecessarily delayed during the CPSC’s import screening process.
The temporary general license will restore, through June 30, the license requirements, license review policies and license exceptions under the EAR that applied prior to March 8 to exports, reexports and transfers (in-country) to these two entities.
The rule appears to be an attempt to avoid the $472 million in sanctions Mexico is seeking WTO authorization to impose (in the form of higher duties on an as yet unidentified list of U.S. exports) after a WTO compliance panel found that U.S. dolphin-safe tuna labeling regulations revised in 2013 are still inconsistent with WTO rules.