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In the News: Steel Tariffs, Brexit, China Free Trade Port, Armenia

Wednesday, March 21, 2018
Sandler, Travis & Rosenberg Trade Report

Companies in foreign trade zones await more details on Trump tariffs

“‘This issue is so new and unprecedented that even Customs has not finalized how they are going to handle these transactions,’ said Tom Gould, senior director for customs and trade at Miami-based law firm Sandler, Travis & Rosenberg.”

[KTOO]

UK and EU agree terms for Brexit transition period

“The transitional period will last from Brexit day on 29 March 2019 to 31 December 2020. The UK will be able to negotiate, sign and ratify its own trade deals during the transition period [and] the UK will still be party to existing EU trade deals with other countries.”

[BBC News]

China turns cautious over Shanghai free-trade port

“Officials are still giving priority to safety and stability in reviewing the two proposals for the port, sources said. One of the concerns is that monitoring mechanisms may not be adequate to ensure that goods and money stay inside the port area and do not flow outside it without being subject to duties.”

[South China Morning Post]

U.S., Armenia work to expand trade and investment relationship

During recent talks in Washington officials “discussed a range of issues, including the adoption of standards, technical regulations and conformity assessment procedures, procedures for stakeholder consultation, sanitary and phytosanitary measures, customs clearance, intellectual property rights, and processes for monitoring and enforcing labor laws.”

[Office of the U.S. Trade Representative]

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