U.S.-China trade war spurs new interest in first sale rule
“‘We’ve seen a real increase in nontraditional first sale clients, clients who are importing things that aren’t traditionally subject to higher duty rates,’ said Mark Segrist, an import and export trade lawyer and Chicago-based member of Sandler, Travis & Rosenberg. … Segrist added that more importers are ‘coming to us and asking about the opportunity to use first sale where maybe six months to a year ago this wouldn’t have been on the table for them.’ Those importers are in an array of industries, from agricultural products to home appliances and bathroom accessories, that are now feeling financial pressures from U.S tariff hikes on Chinese goods.”
CPTPP nations invite other countries to join
“‘I do not expect formal applications in the near future, but we look forward to continuing discussions with interested economies on the basis of these guidelines.’”
Israel signs FTA with Ukraine
“The 1,500-page accord reportedly provides for a reduction of the price of Ukrainian food in Israel and Israeli goods in Ukraine. It is estimated that it will lift bilateral trade to over $1 billion within five years.”
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