U.S. may extend waiver on China semiconductor export controls
“The U.S. government plans to extend the waiver under the same terms for South Korean and Taiwanese companies. This will enable these companies to continue importing U.S.-made semiconductor manufacturing equipment for their existing Chinese factories. While the duration of the extension remains undetermined, Nikkei mentioned that an indefinite extension is also being considered.”
[Business Korea]
Chinese firm demands rescission of Xinjiang-related entity list
“‘DHS added Ninestar and certain of its subsidiaries to the UFLPA Entity List without offering any explanation or justification whatsoever for said action. Ninestar has not identified any basis for the designation,’ Ninestar said in the statement. As a result, ‘the company is suffering irreparable harm to its business and reputation based on the listing,’ it said.”
[Global Times]
S. Korea pushing to sign trade pacts with 7 emerging nations
“An EPA is meant to establish a mutually beneficial trade network with partner nations beyond a simple market opening, though it covers a smaller scope of areas compared with a traditional free trade agreement.”
[Yonhap]
Uganda bans secondhand apparel imports
“East African nations like Uganda and Kenya, which are beneficiaries of the AGOA trade preference program, claim that the tons of secondhand goods are stifling the growth of their domestic industries, effectively negating the market benefits that come with being a part of the treaty.”
[Sourcing Journal]
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