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The total includes $7.8 million in criminal fines, $969,175 in criminal forfeiture and more than $1.23 million in community service payments. The company has also agreed to a five-year term of organizational probation, mandatory implementation of a government-approved environmental compliance plan and independent audits, and a related civil forfeiture of more than $3.15 million.
U.S. Trade Representative Mike Froman reiterated at a Jan. 28 hearing that the U.S. is interested in expanding its trade relations with Africa beyond unilateral preferences. A USTR report examining the options for doing so is expected this summer.
The HSC is slated to consider a number of issues at its upcoming meeting, including the World Trade Organization’s Trade Facilitation Agreement, the status of and challenges associated with the implementation of the 2017 edition of the HS, progress in member state implementation of the 2012 edition of the HS, and the idea of inserting subheadings in national statistical nomenclatures to facilitate the monitoring of trade in goods required for the production and use of improvised explosive devices.
The Trans-Pacific Partnership will increase U.S. annual real incomes by $131 billion, or 0.5 percent of GDP, and annual exports by $357 billion, or 9.1 percent of exports, over baseline projections by the time it is nearly fully implemented in 2030, according to estimates in a recent working paper issued by the Peterson Institute for International Economics.
Two federal agencies are taking action to further ease U.S. sanctions against Cuba related to non-agricultural export trade financing, travel and related services, and permitted exports and reexports.
Applications to take this exam must be submitted here by March 3 and must be accompanied by the required $200 fee.
A vision statement finalized by the group describes a North American Single Window through which importers, exporters and relevant supply chain parties would be able to provide all import and export information required by the Canadian, Mexican and U.S. customs services and associated departments or government agencies responsible for establishing border-related decisions and regulating goods crossing the borders.
U.S. Customs and Border Protection recently provided an update on its three pilot tests evaluating the functionality of filing air, vessel and rail cargo export manifest data electronically to the Automated Commercial Environment. A similar test for truck export manifest data is under development. These pilots are expected to ultimately result in regulatory changes making the submission of export manifest data through ACE mandatory.
The trade community and U.S. Customs and Border Protection are actively discussing additional roles that CBP’s Centers of Excellence and Expertise could assume.
The U.S. trade embargo against Iran remains in place and U.S. persons and entities are still prohibited from virtually all dealings with Iranian entities.
U.S. Customs and Border Protection has already postponed this step once to allow industry and PGAs more time to test and provide feedback as they fully transition to the new system.
A customs reauthorization bill focused on improving trade facilitation and enforcement could get a vote in the Senate this month after being stuck there for several weeks following its approval by the House of Representatives.
Bureau of Industry and Security chief Kevin Wolf told a congressional committee this week that BIS “will not be implementing as final” a May 2015 proposed rule on licensing requirements for exports of specified cybersecurity items. Wolf said BIS is still determining how best to respond to the predominantly negative comments received on the proposal.