For more information on how these developments may affect your business, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.
China
During an Oct. 8 call with China’s Commerce Minister Wang Wentao, U.S. Commerce Secretary Gina Raimondo noted ongoing concerns from the U.S. business community about decreasing regulatory transparency in China, non-market policies and practices, and structural overcapacity in a range of industrial sectors. Raimondo also “reiterated that U.S. national security is not negotiable and reemphasized that the U.S. government’s ‘small yard, high fence’ approach aims to safeguard U.S. national security in as targeted a manner as possible, while leaving space for healthy trade and investment.”
India
At the sixth ministerial-level meeting of the U.S.-India Commercial Dialogue, held Oct. 3 in Washington, D.C., commerce ministers signed a new memorandum of understanding on expanding and diversifying critical minerals supply chains, under which the two sides will focus on identifying equipment, services, policies, and best practices to facilitate the mutually beneficial commercial development of U.S. and Indian critical minerals exploration, extraction, processing and refining, recycling, and recovery.
El Salvador
The U.S. signed Oct. 8 with El Salvador a customs mutual assistance agreement, which provides the legal framework for the exchange of information and evidence to assist the two countries in the enforcement of customs laws, including duty evasion, trafficking, proliferation, money laundering, and terrorism-related activities. The CMAA will “contribute to the simplification, automation and transparency of the import, export and transit processes of goods,” said Jerson Posada, El Salvador’s minister of finance, “which brings important benefits to trade operators, facilitating the clearance flows of their operations and promoting compliance with foreign trade regulations.”
Poland
The second meeting of the U.S.-Poland Economic and Commercial Dialogue featured discussion on the digital economy, cybersecurity, supply chain resiliency, technology research and development, energy, and infrastructure. The two sides also discussed collaborating on future engagements, including Poland’s participation in an upcoming civil nuclear deployment workshop and a summit to promote cooperation on standards and cybersecurity. They expressed their intent to explore establishing a program on post-quantum cryptography standards to improve digital security coordination.
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