New customs regulation could slow cross-border trade
“The new rule also carries steep fines for mistakes. Under Mexico’s updated customs code, errors in the MVE automatically translate into errors in the pedimento, the formal import entry, exposing companies to combined penalties that can exceed 70,000 pesos (about $3,800) per shipment.”
[FreightWaves]
China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact
“China is seeking to intensify its engagement with ASEAN, a region with a collective gross domestic product of $3.8 trillion, to counter hefty import tariffs imposed by U.S. President Donald Trump's administration on countries around the world.”
[Reuters]
NFI, NOAA settle lawsuit over MMPA import restrictions
“According to court documents, NMFS will undertake a reconsideration of the comparability findings for the swimming crab fisheries of Vietnam, the Philippines, Indonesia, and Sri Lanka, and a stay on the import ban will be in place as NMFS reexamines its findings. The agency will then consult with the nations referenced within 60 days, permitting them to provide further information while offering guidelines directly to those nations.”
[Seafood Source]
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