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In the News: Jewelry Imports, Sanctions, China Market Economy Status, Ports

Wednesday, April 24, 2019
Sandler, Travis & Rosenberg Trade Report

Proposed U.S. jewelry import policy would require declaration of origin

“While the regulations would have a significant impact on the jewellery industry in the US, which sources the vast majority of its materials from overseas – there are few details available at this point – including when—or even if—the regulations will go into effect, what they will entail for jewellery importers and how they will be enforced.”

[Tamebay]

Trump cracks down on Cuba, Nicaragua, and Venezuela

“The measures seem likely to hit hardest in Cuba, which is at a moment of severe economic weakness as it struggles to find cash to import basic food and other supplies following a drop in aid from Venezuela and a string of bad years in other key economic sectors.”

[Associated Press]

China said to lose market-economy trade case in EU, U.S. win

“The decision deals a significant blow to China, which had argued that its 2001 accession to the WTO required members after 15 years to treat Beijing as a market economy, which would reduce trade partners’ ability to curb goods sold below cost. The European Union, which was the defendant in the case, had previously used a non-market economy methodology when calculating anti-dumping duties, which allowed for higher penalties.”

[Bloomberg]

Electronic information exchange now mandatory for ports

“A mandatory requirement for national governments to introduce electronic information exchange between ships and ports comes into effect from 8 April 2019. The aim is to make cross-border trade simpler and the logistics chain more efficient, for the more than 10 billion tons of goods which are traded by sea annually across the globe.”

[International Maritime Organization]

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