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In the News: Drawback, China Talks, Japan Agreement, Customs Cooperation

Thursday, May 03, 2018
Sandler, Travis & Rosenberg Trade Report

Liquor eligibility for TFTEA drawback blurry

“It’s ‘up in the air’ whether distilled spirits will qualify for new drawback procedures established by the Trade Facilitation and Trade Enforcement Act (TFTEA) after several companies filed for substitution drawback in alcohol ‘excise tax situations,’ Sandler Travis attorney Michael Cerny said Tuesday at the National Customs Brokers & Forwarders Association of America (NCBFAA) annual conference. … Cerny estimated that regulations would be issued in 30 to 60 days addressing distilled spirits’ eligibility for drawback.”

[American Shipper]

Ross softens expectations for U.S.-China trade deal

“The meetings will start Thursday and the U.S. officials plan to head home by the weekend, though the trip could be cut short ‘if it’s not satisfactory,’ [Commerce Secretary Wilbur] Ross said in an interview with CNBC. ‘You never know where you are until you actually get into the conference room’ and an outcome can’t be prejudged, Ross said. ‘I wouldn’t be going all the way over there if I didn’t think there was some hope.’”

[Bloomberg News]

U.S. eager to form trade deal with Japan “at some point”

“The two governments are expected to hold the first round of ministerial talks on trade and investment -- which Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump agreed to launch during their meeting last month in Florida -- around mid-June. The Trump administration is ‘actively considering’ formulating bilateral trade deals with countries in the Asia-Pacific region, according to [U.S. Trade Representative Robert] Lighthizer. Japan, however, has been reluctant to pursue a bilateral trade deal with the United States, saying the Trans-Pacific Partnership, a regional FTA from which Trump withdrew the United States last year, is the best trade deal for two countries.”

[Kyodo]

New Zealand-EU agreement facilitates faster custom clearance

“This agreement strengthens cooperation between New Zealand and the EU in terms of customs procedures, supply chain security and risk management,” said New Zealand Customs Minister Meka Whaitiri. “‘It also enables both customs authorities to learn from each other on customs technology,’ she added.”

[Xinhua]

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