Member News

07 Aug
Member News

How Businesses are Navigating Uncertainty in Today’s Geopolitical Climate

By Scott Ferguson, CEO, World Trade Centers Association (WTCA) It’s no surprise that in the current geopolitical climate, people are facing economic uncertainty all around the world. Escalating trade tensions between various countries and economic slowdowns in others have contributed to this uncertainty. So what can be done at a local level to encourage growth and prosperity while mitigating these challenges? In the second annual WTCA Trade and Investment Report: Navigating Uncertainty, conducted by the World Trade Centers Association (WTCA) in partnership...

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07 Aug
Member News

Technology in the workplace – an overview of employment law issues in Europe

Caroline Froger-Michon & Christopher Jordan | CMS We can no longer imagine our professional lives without modern information and communication technology. It is common for employers to provide employees with technology such as smartphones or notebooks. These communication and productivity tools are also used for social media – in both business and personal use – and are often not switched off by employees, even in their leisure time. Employees receive e-mails and calls in the evenings, on weekends, and during...

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07 Aug
Member News

Romania: State aid amendments with focus on investments in assets and new working places

By Iulian Sorescu & Bogdan Nicolae Paunescu | Noerr On 3 July 2019, the Ministry of Public Finances published two draft amendments of state aid legislation, specifically the state aid scheme governed by G.D. 807/2014 on investment in assets and the state aid scheme governed by G.D. 332/2014 on job creation. Several amendments have been proposed and are waiting to be approved by the Ministry of Public Finances after discussions with the private sector. Here are the most important ones: G.D. 807/2014...

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06 Aug
Member News

Trade War Takes a Breather; Yuan Strengthens Back Below 7

The U.S. dollar took advantage of a rare calm in trade tensions and rose against a number of its rivals overnight. Still, the Dollar Index is flirting with a fourth day of losses.  In response to surprise tariffs announced last week, China allowed their currency to devalue past 7 yuan per dollar, which is largely seen as a “line in the sand.”  The move roiled markets and caused American equities to dump 3% of their value yesterday. After stock...

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02 Aug
Member News

U.S. President Announces China 301 List 4 To Go Into

President Trump announced today that the fourth list of products from China subject to additional duties will go into effect September 1, 2019. On May 13, 2019, the U.S. Trade Representative (“USTR”) issued a proposed List 4 which threatens to impose additional tariffs of on “essentially all” Chinese products imported into the U.S. that were not covered by previous section 301 pronouncements valued at approximate $300 million. Today, President Trump announced in a Tweet that 10% additional duties will be imposed on these...

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02 Aug
Member News

The Weekly Vulcan View | Analysis of Latest EU Developments 29 July – 2 August

Key Events This Week Germany refuses to join US Persian Gulf mission Germany has refused a request from the United States to join their mission in the Persian Gulf. Foreign Minister Heiko Maas said it was “out of the question” that Germany would take part. The Germans are in close contact with the French, and Maas views the US strategy of “maximum pressure” as wrong, preferring to rely on diplomacy to deescalate the situation. Tensions have been rising between the United States...

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01 Aug
Member News, Trade & TTIP Related

U.S. Steel Importer Sues Department of Commerce for Denial of Section 232 Product Exclusion Request

By Thompson Hine International Trade  On July 30, 2019, JSW Steel (USA), Inc. (JSW) filed a complaint against the United States and, specifically, the Department of Commerce (Department) for denying its product exclusion requests for certain steel imports that otherwise are subject to a 25 percent tariff under President Donald Trump’s March 2018 proclamation implementing such tariffs under Section 232 of the Trade Expansion Act of 1962. The complaint seeks declaratory relief from the U.S. Court of International Trade (CIT) determining that the Department’s...

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01 Aug
Member News

Bannockburn Global Forex Update: August FX Outlook

August 2019 FX OutlookAfter falling against all the major currencies in June, the US dollar rebounded in July.  The Dollar Index finished the month at new two-year highs with the Fed’s suggestion it was engaged in a mid-course correction rather than a sustained easing cycle.  The dollar also appeared buoyed by the extent of the dovishness by the ECB and the heightened risks that the UK leaves the EU at the end of October without an agreement.  Short-term interest...

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01 Aug
Member News

Procedures To Maximize Recovery Of Section 232 And 301 Duties

Tariffs under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974 have been imposed on imports since as early as March 23, 2018.  Exemptions from the tariffs are available, and importers should consider implementing strategies to maximize potential recovery of the duties they have paid. Section 232 duties Section 232 duties on importations of steel and aluminum products went into effect on subject products on March 23, 2018 or June 1, 2018,...

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01 Aug
Member News

The Italian Competition Authority’s investigation into Amazon for abuse of its dominance involving internet marketplaces and E-commerce logistic services

By Enzo Marasa | Portolano Cavallo Studio Legale According to the ICA’s preliminary findings, Amazon only granted sellers using Amazon’s own fulfillment and logistics services (FBA) advantages in terms of offer visibility and sales improvement on the Amazon marketplace, in comparison to sellers that are not customers of Amazon’s FBA services and irrespective, to a certain extent, of the merits of the products. As a result, the ICA alleged that Amazon is exploiting a dominant position on the market for...

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